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Joined: Aug 2002
Posts: 7,172 Likes: 29
Top 40 Poster
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Top 40 Poster
Joined: Aug 2002
Posts: 7,172 Likes: 29 |
Unions are good and bad.They are a protection against bad employers but when they get greedy they can drive employers out of business.Unions have to justify their existance so they keep asking for more and more and often the employer just can't absorb the extra expense with out raising prices so high that they can't compete in the market place. That is why some European countries are in trouble,they pay high wages and give very liberal vacations to employees,driving production cost so high that they can't compete on the world stage,that and corruption and tax dodgers are driving governments to the brink of bankruptcy, which is affecting the world's economy.
But how do you bring wages back to a normal level.No matter how high wages are, people will spend more than they earn, so how will they pay off their debts on lower earnings.Change in life style and expectations could help but with less money being available to be spent will hurt the economy and drive governments to the point that they can't pay off their debts without raising taxes, which takes more money out of the economy. Greed started this cycle,a lot of belt tightening may bring it under control, but not with out a lot of pain.
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