Re: Economics or polemics?
Author: BOB2
Date: 07-08-2015 - 23:32
Interesting economic points...?
So where exactly did you say you got your degree in economics?
It's not the job of the union steward to run the company. It's the job of the union to represent their members through effective representation in collective bargaining to bring parity in negotiating power when seeking the highest level of wages, benefits, and working conditions in an often inherently asymmetrical market condition.
It is the job of the management team to attempt to negotiate the most profitable deal in the labor market for the labor necessary to do the work necessary in order to maximize profits for the owners of the capital employing that labor.
The long run equilibrium market condition from the interplay of these two forces would be the most mutually beneficial long run wage to both parties.
The superfluous babblings about this labor management negotiating process to reach long run equilibrium wage levels which maximizes returns to both parties has nothing whatsoever to do with progressive taxation, income or benefit transfer programs, or anything whatsoever to do with the evil "gubmint" (Except that in our system we set the legal parameters for such negotiations through the rule of law...).