BaBaBouy
Well-known member
- May 6, 2021
- 588
- 1,039
“Opportunity economy.”
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That’s one way to look at it. Another way to look at it is it’s a self inflicted problem.I'll play devils' advocate here. You are witnessing one of the few and possibly one of the last uses of leverage that laborers have left. The stock market is crazy high no matter where you look. Record profits at many big companies. Eff you money is everywhere but very little makes its way down to the blue collar worker. As our ability to leverage a wage increase is weakened, the middle class will evaporate. I am a warehouseman of 26 years for a large automotive corporation. Ground floor laborer. We are non union and our pay tops the class of warehouse labor in SoCal which means the entire country. We wouldn't have the decent pay we have today if it wasn't for other facilities in the company that were union and the corp. not wanting us to unionize. Because of unions, not only is our pay much higher than it would be without the union threat but those union guys are making a living wage and able to raise families and live a decent life. Without union leverage, labor would be back to a poverty wage. The average SoCal warehouse wage is $25 hourly. I'm paid $37.25. The corporations net profit was 34 billion. If they could make it $35b and bump me down to minimum with no loss of quality, they would do it in a heartbeat and I couldn't blame them. When you see businesses failing because their labor cost is so high, then I'll agree that the labor unions are too greedy but that just isn't happening.
They wouldn't be getting 66% raises most likely???That’s one way to look at it. Another way to look at it is it’s a self inflicted problem.
Why don’t unions buy or start up their own businesses? Instead of dumping millions into politician’s coffers why not use the cash along with dues money and employee concessions to create employee owned entities?
As someone who’s owned / ran multiple businesses I understand a balance sheet and know there isn’t a dedicated line item showing the cost of employee turnover.If I ran the company, I would pay as little as possible to get the result necessary. That is the job of the CEO and their management levels. I would pay the same for raw material or production supplies. As little as possible to get the result I wanted. And then I would collect my $15,000,000 bonus on the way to my $100,000,000 retirement stock incentive. The unions are making sure the white collars don't get all of those millions. Boo Hoo.
Now I said devils' advocate. The unions aren't the good guys. There are no good guys. This is business and leverage always wins out.
Meh, people that want / need thanks should volunteer at soup kitchens. Of course they could thank me for purchasing stuff that requires them to unload it…After all that uproar they got 62% over 6 years which equates to a $4 raise over the $39 an hour base salary. Now thank them for continuing to unload your Seafood, oil, cars, auto parts, machinery parts, electronics, alcohol and bananas.
We went to Costco yesterday it was a normal run. We were in the water department and all the toilet paper was gone.