Bombardier to sell 120 planes to NETJETS???

[BoilerUP]

Economics 101 theory is great...problem is (as was briefly mentioned earlier in this thread) the real world RARELY works exactly the way an economics textbook says it should.

 

[gunfyter]

G4,

Unions are coercive? If I have time I will search for the sections of Wealth Of Nations I posted up on this board about 5 or 6 years ago concerning this.

The only places on earth that don't have Unions are Totalitarian states. Is this what you want?

 

[jonjuan]

G4,

Unions are coercive? If I have time I will search for the sections of Wealth Of Nations I posted up on this board about 5 or 6 years ago concerning this.

The only places on earth that don't have Unions are Totalitarian states. Is this what you want?

Thats called living in the past. Take a look at union members per capita 60 years ago vs. now. Match that up with worker quality of life vs. now. Make sense?

 

[gunfyter]

Thats called living in the past. Take a look at union members per capita 60 years ago vs. now. Match that up with worker quality of life vs. now. Make sense?

Living in the past? That was the good old days! :laugh:

Sorry, nothing has changed. Adam Smith had it right. The employer possesses the Lion's share of the leverage... and therefore the coercive power.

We are financial ants by comparison. They can squash us anytime they want.

If this company fails, I am in the poor house ... and they are still millionaires. Billionaires. Thats leverage.

 

[Jack Campbell]

Living in the past? That was the good old days! :laugh:

Sorry, nothing has changed. Adam Smith had it right. The employer possesses the Lion's share of the leverage... and therefore the coercive power.

We are financial ants by comparison. They can squash us anytime they want.

If this company fails, I am in the poor house ... and they are still millionaires. Billionaires. Thats leverage.

This, my friends, is why we still need unions. Management is united in their cause. Employees need to be united to create a balance. A good union guards the interests of both the company and the employees and is certainly needed in our screwed-up industry.

 

[G4dude]

G4,

Unions are coercive? If I have time I will search for the sections of Wealth Of Nations I posted up on this board about 5 or 6 years ago concerning this.

The only places on earth that don't have Unions are Totalitarian states. Is this what you want?

The coercion comes when a company has invested billions in infrastructure and the union says it will shut it all down unless the company does mostly what the union wants. As for Adam Smith, his Invisible Hand is what works to keep pay and prices and supplies balanced and fair, as he so eloquently explained in Wealth of Nations.
As for unions and Smith,
"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices…. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary."
I am enjoying this immensely, guys!

 

[AeroBoy]

If the "invisible hand" were allowed to work here in the U.S., then we'd all be getting paid $2/day wages like they do in China and India. Be careful what you ask for, because you might just get it...

 

[gunfyter]

Conspiracy against The public to raise prices. Now you are talking Creature from Jekyll island.

How capitalists conspired to enslave the American people by creating the federal reserve.

Read that book and World without Cancer ... then tell us how much Capitalists love price competition.

 

[jonjuan]

What are you thoughts as to what's happening in the NFL right now?

http://sportsillustrated.cnn.com/2011/football/nfl/03/21/lockout.ap/index.html?eref=sihp

 

[brokeflyer]

when a company has invested billions in infrastructure and the union says it will shut it all down unless the company does mostly what the union wants.

if they treat their employees properly they have nothing to worry about.

would you take a nice steaming ******************** on 1 billion dollars?

think about that.

 

[G4dude]

if they treat their employees properly they have nothing to worry about.

would you take a nice steaming ******************** on 1 billion dollars?

think about that.

I disagree. Look at what the unions did to the railroads and General Motors.

 

[BoilerUP]

Yup, it was the UAW's fault that GM management made a business decision in the mid-90s to concentrate focus on more-profitable trucks & SUVs, relegating their cars to undesirable designs with poor drivetrain reliability. Fast forward to the mid-late 2000s when fuel prices make 15mpg in a Tahoe undesirable in a daily driver and 25mpg in a compact or sedan is uncompetitive with Hondas & Toyotas that have better design & reliability (to say nothing of efficiency). Of course, that's to say nothing of a generation of car buyers who were growing up when GM made really crappy cars and their parents switched to Toyotas & Hondas for reliability, and won't ever consider owning a domestic vehicle.

Yeah, the laborers really screwed the pooch on that one.

 

[gunfyter]

G4

Its that darn Abraham Lincoln that destroyed Industry in this country when he freed the slaves ...

Remember it was the UNION army that freed the slaves! So I guess it is our fault.

 

[Downwind]

I disagree. Look at what the unions did to the railroads and General Motors.

As a former union pilot and current union railroad employee I would like to hear further about this.

Care to elaborate?



Sent from my ADR6300 using Tapatalk

 

[CRAWDADDY]

When/if you find yourself up against a union buster in a few years who was beat up on the playground and had a pilot for a step father, you'll be glad you have a union.

What management does, doesn't always make business sense . Remember 2005!

 

[jetwash]

I disagree. Look at what the unions did to the railroads and General Motors.

Look at what non-union investment bankers and mortgage brokers did to the economy.

I can play this game too.

 

[gunfyter]

Look at what non-union investment bankers and mortgage brokers did to the economy.

I can play this game too.

Yeah... and what they almost did to Netjets!

 

[G4dude]

Look at what non-union investment bankers and mortgage brokers did to the economy.

I can play this game too.

We have a friend in the mortgage banking business, and she has told us how Federal Banking regulators threatened them with JAIL TIME if they didn't write more low-income mortgages. The collapse of the economy was caused by the Federal government's increasingly aggressive implementation of the Community Reinvestment Act, which was first passed in 1977, I believe. The financial community's securitizing of mortgages was a rational response to a required government action, namely the writing of millions of bad mortgages in order to provide home ownership to people who had no business owning a home. The financial types assumed, not unreasonably, that since the government had required these mortgages to be approved, the government must be ultimately backing the mortgages. The collapse, starting with Lehman Brothers and escalating beyond, was caused by well intentioned government actions, not the market place. Is this fun or what??

 

[jetwash]

We have a friend in the mortgage banking business, and she has told us how Federal Banking regulators threatened them with JAIL TIME if they didn't write more low-income mortgages. The collapse of the economy was caused by the Federal government's increasingly aggressive implementation of the Community Reinvestment Act, which was first passed in 1977, I believe. The financial community's securitizing of mortgages was a rational response to a required government action, namely the writing of millions of bad mortgages in order to provide home ownership to people who had no business owning a home. The financial types assumed, not unreasonably, that since the government had required these mortgages to be approved, the government must be ultimately backing the mortgages. The collapse, starting with Lehman Brothers and escalating beyond, was caused by well intentioned government actions, not the market place. Is this fun or what??

Were those government policy makers unionized?
So I guess it wasn't the unions fault.

 

[gret]

Look at what non-union investment bankers and mortgage brokers did to the economy.

I can play this game too.

Nothing personal...just picking up on the comment.

NetJet wouldn't have even been born if it wasn't for Wall Street and most of the bubble in aviation during 2004-2008 came from the housing industry geniuses. The demand for pilots came from these "low life's".

It is funny that a couple of the posters are ragging on capitalist and their kind, but how many pilots buy a/c or time on fracs that give pilots the opportunity for employment? The answer is none so every time you see a passenger that is paying your salary and the rest of the freight, you should count your blessings that they never thought the way you do. They didn't accept the status quo or want any part of a union, they wanted the ability to use their brains, compete, succeed, and enjoy the fruits of their labor.

Get off your butt and notion of entitlement and get a different job if you want to succeed because no union, or anybody else, is going to get you more than what they can buy from somebody else for less.