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<blockquote data-quote="PobreCarlos" data-source="post: 624862" data-attributes="member: 16651"><p>klein;</p><p> </p><p>Correct me if I'm wrong, but didn't UPS just report a 48% decline in quarterly year-to-year earnings? And how long can it continue to pay that "55cents dividends" on that basis?</p><p> </p><p>Those are the owners EARNINGS...the exact equivalent of a workers EARNINGS! How would the Teamsters working for UPS like to take a 48% CUT in THEIR earnings? Got that! TAKE HOME 48% LESS THAN YOU DID LAST YEAR!!!</p><p> </p><p>How about it? You go for that? Sound like a plan?</p><p> </p><p>You go on to say how "shareholders would be first in line to profit, and workers"...but the simple fact is that, right now, the shareholders are getting clipped, while Teamsters have suffered virtually nothing. As I see it, not only are the UPS Teamster workers not only NOT "last in line"...but rather they're virtually the only people "in the line" PERIOD! Compared to everybody else, they're hogs at the trough, so to speak.</p><p> </p><p>Lastly, I have to get into your argument about....</p><p> </p><p>"All the union will ask for is a wage increase according to inflation! And, that is reasonable."</p><p> </p><p>...in that it's that type of comment that irritates me no end. Having grown up, and taken my first economics class in the era of "stagflation" and then, for what passed in this country at least, as the "hyper inflation" of the Carter era, I'm not going to buy for a moment that "it's reasonable". In fact, I can't help but believe that so-called "COLA" labor contract clauses - designed to "keep up with inflation" - are the CAUSE of wage inflation! Note that I state "INFLATION" of wages; NOT higher wages earned on the basis of increased LABOR productivity (but how much of that has this country seen over the last 50 years?). Nor do count market increases of commodities and/or labor and services based on natural scarcity as "inflation". </p><p> </p><p>Nope, if labor wants wage increases, then it should EARN wage increases....based on increased productivity and/or cost-effectiveness. And that should be based on LABOR'S increased productivity (i.e. - that it accounted for ITSELF), NOT that of new systems and or inventions, etc. introduced by others.</p><p> </p><p>Look at history. Look at Great Britain pre-Thatcher, for example. To put it bluntly, just handing labor money that it hasn't earned does nothing but drive the capital upon which national economies are based across the borders. No capital, no jobs. And that's how countries go to crap.</p><p> </p><p>Again, THERE IS NO FREE LUNCH! Someone, somewhere, has to pay for it! And until organized labor realizes that if it wants to EAT the lunch, it's going to have to PAY for the lunch, then I think it's going to suffer through some hard times....and deservedly so.</p></blockquote><p></p>
[QUOTE="PobreCarlos, post: 624862, member: 16651"] klein; Correct me if I'm wrong, but didn't UPS just report a 48% decline in quarterly year-to-year earnings? And how long can it continue to pay that "55cents dividends" on that basis? Those are the owners EARNINGS...the exact equivalent of a workers EARNINGS! How would the Teamsters working for UPS like to take a 48% CUT in THEIR earnings? Got that! TAKE HOME 48% LESS THAN YOU DID LAST YEAR!!! How about it? You go for that? Sound like a plan? You go on to say how "shareholders would be first in line to profit, and workers"...but the simple fact is that, right now, the shareholders are getting clipped, while Teamsters have suffered virtually nothing. As I see it, not only are the UPS Teamster workers not only NOT "last in line"...but rather they're virtually the only people "in the line" PERIOD! Compared to everybody else, they're hogs at the trough, so to speak. Lastly, I have to get into your argument about.... "All the union will ask for is a wage increase according to inflation! And, that is reasonable." ...in that it's that type of comment that irritates me no end. Having grown up, and taken my first economics class in the era of "stagflation" and then, for what passed in this country at least, as the "hyper inflation" of the Carter era, I'm not going to buy for a moment that "it's reasonable". In fact, I can't help but believe that so-called "COLA" labor contract clauses - designed to "keep up with inflation" - are the CAUSE of wage inflation! Note that I state "INFLATION" of wages; NOT higher wages earned on the basis of increased LABOR productivity (but how much of that has this country seen over the last 50 years?). Nor do count market increases of commodities and/or labor and services based on natural scarcity as "inflation". Nope, if labor wants wage increases, then it should EARN wage increases....based on increased productivity and/or cost-effectiveness. And that should be based on LABOR'S increased productivity (i.e. - that it accounted for ITSELF), NOT that of new systems and or inventions, etc. introduced by others. Look at history. Look at Great Britain pre-Thatcher, for example. To put it bluntly, just handing labor money that it hasn't earned does nothing but drive the capital upon which national economies are based across the borders. No capital, no jobs. And that's how countries go to crap. Again, THERE IS NO FREE LUNCH! Someone, somewhere, has to pay for it! And until organized labor realizes that if it wants to EAT the lunch, it's going to have to PAY for the lunch, then I think it's going to suffer through some hard times....and deservedly so. [/QUOTE]
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