Your Economy is not my problem right? That is until you get layoff, this is a U.S. problem: I know people that work three part-time jobs, is not just limited to technology,
by Patrick Gillespie @CNNMoney
5 replies (most recent on top)
Finally .......you got it brother
First, the fact is that when unions are stronger the economy as a whole does better. Unions restore demand to an economy by raising wages for their members and putting more purchasing power to work, enabling more hiring. On the flip side, when labor is weak and capital unconstrained, corporations hoard, hiring slows, and inequality deepens. Thus we have today both record highs in corporate profits and record lows in wages.
Second, unions lift wages for non-union members too by creating a higher prevailing wage. Even if you aren’t a member your pay is influenced by the strength or weakness of organized labor. The presence of unions sets off a wage race to the top. Their absence sets off a race to the bottom.
http://ideas.time.com/2013/01/29/viewpoint-why-the-decline-of-unions-is-your-problem-too/
Pat ,How did you find out about this site, ?
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