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3 comments

1 mikiesmoky2  Wed, Aug 10, 2011 6:59:54am

Whereas I don’t mean to disparage workers, it would have been extremely bad for the Democrats to have won.
One of our major problems is that we have a bubble in municipal, state, and federal salaries and benefits, which must be addressed as part of the overall fix to our economics.

Rather than fighting deflation, we must adjust to it.

The following should explain:

TRADE AND SERVICE UNIONS


DEFINITION: A number of persons joining together for some common purpose.

TYPES OF UNIONS: Private and public

FACTS: Private and public unions negotiate with employers to obtain specific goals for those persons being represented.

Subjects for negotiations include wages, benefits, and working conditions.
If negotiations result in additional costs to an employer:
a. A private employer will absorbed those costs or will pass some or all to the customers.
b. A public employer will have its “rainy-day” funds reduced or will raise additional revenue from its taxpayers.

ANALYSIS:
a. If a private employer absorbs additional negotiated costs, margins will be affected, which will reduce taxable income, which will cause a reduction in the value of the employer’s business. If the employer passes on the additional costs to its customers, it would be inflationary and the customers would have less spendable funds for other expenditures, which may adversely affect the economics. In most instances of higher costs, those costs will be passed on to the customers.
b. If a public employer raises additional revenue from its taxpayers, the taxpayers will have less spendable funds and that may adversely affect the economics.
c. When a politician, economist, or anyone else calls for high-paying union jobs, they are implying that there be a shift of wealth from customers to the high-paying union jobs.

Thank you,

mz

2 jamesfirecat  Wed, Aug 10, 2011 7:15:35am

re: #1 mikiesmoky2

Whereas I don’t mean to disparage workers, it would have been extremely bad for the Democrats to have won.
One of our major problems is that we have a bubble in municipal, state, and federal salaries and benefits, which must be addressed as part of the overall fix to our economics.

Rather than fighting deflation, we must adjust to it.

The following should explain:

TRADE AND SERVICE UNIONS

DEFINITION: A number of persons joining together for some common purpose.

TYPES OF UNIONS: Private and public

FACTS: Private and public unions negotiate with employers to obtain specific goals for those persons being represented.

Subjects for negotiations include wages, benefits, and working conditions.
If negotiations result in additional costs to an employer:
a. A private employer will absorbed those costs or will pass some or all to the customers.
b. A public employer will have its “rainy-day” funds reduced or will raise additional revenue from its taxpayers.

ANALYSIS:
a. If a private employer absorbs additional negotiated costs, margins will be affected, which will reduce taxable income, which will cause a reduction in the value of the employer’s business. If the employer passes on the additional costs to its customers, it would be inflationary and the customers would have less spendable funds for other expenditures, which may adversely affect the economics. In most instances of higher costs, those costs will be passed on to the customers.
b. If a public employer raises additional revenue from its taxpayers, the taxpayers will have less spendable funds and that may adversely affect the economics.
c. When a politician, economist, or anyone else calls for high-paying union jobs, they are implying that there be a shift of wealth from customers to the high-paying union jobs.

Thank you,

mz

I have a bone to pickw ith you at this point….

“b. If a public employer raises additional revenue from its taxpayers, the taxpayers will have less spendable funds and that may adversely affect the economics.”

As of this moment the economy is being rather heavily adversely affected by the fact that there are people out their who have considerable spendable funds but are refraining from spending them.

Thus on a purely economic level, (not talking about morals) the economy would be served very well by moving those funds into the hands of people who would be more likely to spend that money.

I think that “High paying union jobs” are just fine so long as they’re payed for with the money of people who would otherwise refrain from spending their abundant surplus of money.

So long as money is circulating the economy will do well, thus people with more money than they know what to spend it on are a much bigger problem than very well played middle class union workers.

3 Bob Levin  Wed, Aug 10, 2011 11:52:27am

I’m not going to argue the merits, but it’s definitely news.


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