Tuesday, January 14, 2014

Do you hate labor unions? Well let's take a look at that, shall we?

Labor unions are primarily about collective bargaining.

What does this mean?

It means that when the company's stock is sky high and corporate execs decide that they need a raise and you workers - you know, the people who made the company successful - need a pay cut, you get the shaft. But wait, here comes the Union who fights back and stops your pay cut. Guess what that means? It means you get to share in the prosperity that you as a group made possible.

  • Oh but you as an individual can negotiate on your own for a better salary! Uh yeah, good luck with that. It's you versus the entire corporate board. You're hilariously outnumbered from the start. And these guys would rather you work for free. Giving you a raise? That hardly even happens for working class Americans anymore. You can thank the anemic job growth during the Dubya Bush years for that. But actually you could go back even further to Reagan's years.
  • Oh but if you don't like what you're getting paid, you can go elsewhere! How's that working for most Americans today? Every job out there has at least 3 people applying for it. And that doesn't even count the discouraged workers. It's more likely that if you find another job, they're paying even less. And for 10 years before Obama came along, employers were cutting back on offering benefits. So when you say you don't need a union to fight for you to get benefits, what you're saying is you'd rather pay for individual health care insurance elsewhere. This is a financial Darwin award-winning bad move. One well known fact about health insurance is that individual rates cost a LOT more than the group rates your employer can offer. So when you have a union fighting to secure health benefits for employees you could be saving hundreds or, depending on your pre-existing conditions, thousands of dollars per month. 
  • Oh but you're super talented! You could always leave and start your own company. Yeah, uh huh. How many of you John Galts out there have actually done that, much less been successful? 8 out of every 10 businesses fail, even those run by geniuses just like you. Take it from a successful business owner - you're going to spend less of your time applying your talents and more time hunting for clients in the first year, and then more of your efforts will go into trying to get them to pay on time. But wait, even if you clear all those hurdles, in some industries your consulting job will mean getting familiar with terms like Net 30 or Net 60. Pray you never have to learn about that. Now you know the real reason why only 20% of businesses succeed. What makes you think you'll be one of those 2 in 10?
  • Employees are expendable. CEOs are not. So, you're expendable? Ever see a lamb basting itself in front of a wolf? Yeah, that's you. Very few corporations die when their CEO leaves. Microsoft and Apple survived the departure of Bill Gates and Steve Jobs, respectively. CEOs are just as expendable as you. Shocking, huh?
  • Oh but unions are corrupt! Of course, and there's no such thing as corrupt corporate leadership doing things like borrowing against an employee pension fund and then going bankrupt to avoid paying it back. And ending with a screw-you money shot like blaming the unions for the resulting mess.

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