Quote:
Originally posted by Superbelt
I'm saying specific greedy companies cost us tens of billions of dollars while the largest union in the world was defrauded of only 17 million for a comparison of the relative impact between the two.
A CEO or CFO has far greater ability to manipulate funds than someone in a communal union.
Unions caused huge leaps of employment in this country as their demands for pay and benefits fueled the greatest economy in the world. The opportunities afforded to the common man drew in the best and the brightest from around the world to work here because they knew that they would have a better chance to succeed under our systems.
Unions create jobs. Unions create the best jobs.
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How do you come up with the $17 million figure?
From just that article, oversight "...did virtually nothing while the union's net worth plummeted from a value of more than $150 million in 1991 to less than $700,000 in 1997"
They had to RAISE union dues to cover the loss so you can about double that. If you'd like to group all companies together into one unit then the same will have to be done for all unions.
There are far more checks and balances in the corporate world, including investors, stock analysts, auditors, the SEC, and, of course Boards of Directors. Most union bosses rule unilaterally and their elections are quite well orchestrated when compared to how a new CEO is typically chosen. Members of the union who speak out against union leadership see their hours cut, their seniority ignored, and unless they fall in line often end up a casualty of the "concessions" made by the union leadership to the union employers. Stock owners, analysts, and the SEC are not ruled in the same way.
How many of the best and the brightest from around the world have flocked to union jobs? Most unionized jobs are not the ones that the best and brightest strive for.
Without a doubt unions helped to improve workers safety, created benefits for their members, helped to give voice to employees who would never have been heard in the past. But, they are not the sole reason that our economy is where it is.