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.