The Mudcat Café TM
Thread #55269   Message #858203
Posted By: Troll
03-Jan-03 - 10:36 PM
Thread Name: BS: More Failed Trickle Down Economics?
Subject: RE: BS: More Failed Trickle Down Economics?
No Nicole, and neither can you. What I meant was that the businesses have taken their factories to the thrid world because the wages are lower. They can't make the profits the need to stay in business here or, in some cases, they can't make the profits they want to make. The two are not always one and the same. We have strong labor unions in this country and they have given the American worker a high standard of living.
But nowhere in our Constitution is there the guarantee
of a job. We have only the right to look for one. If the asking price for our labor is too high, we will not be hired.
If there is a mechanism in place (i.e. the unions) that demands a certain wage in order to hire workers and business decides that the asking price is too high, their choices are limited. They can go out of business or they can go overseas.
They can also relocate to a state that is "open shop" but the cost of labor will still be higher than it would be in, say, Sri Lanka.
So they flee and we lose jobs.
I don't know what the answer is; perhaps there isn't an answer. Maybe we all need to tighten our belts and adopt a less material and wasteful lifestyle.
I don't know. I wish I did.

troll ***BTW, I was a union member for 26 years and a shop steward for part of that time.