It’s frustrating to see the media fawning over labor unions who are flexing their muscles in a tight labor market and making outrageous demands for increased salaries and benefits. Witness UPS workers holding that company hostage to secure a new contract. Of course, they cite the inflationary prices that are increasing the cost of living, effectively decreasing the value of the earned dollar, but they also point to the tight job market, a manufactured crisis aided by the government’s handicapped unemployment statistics, brought about by enabling able-bodied potential workers to sit on the sidelines and suckle from the government teat. And how naive of them to suspect that corporate CEOs and business owners will suddenly join the collective in a socialist epiphany and share their wealth and their businesses with the great unwashed who are demanding less work and more pay. Didn’t we learn anything in the last recession when UAW jobs were guaranteed so much so that when there was no work to do, they played checkers at the union hall and continued to draw a salary while the government bailed them out? That’s not smart business. That’s why Trump, no stranger to the art of the deal, has predicted the demise of the big three. And who loses? The consumer of course. The taxpayer bailed out the automotive industry in the last recession and now the public will pay for increased wages and less productivity with a corresponding increase in the cost of their goods and services. And that will perpetuate the inflationary spiral. Duh. Did any of these media pundits take a course in economics?
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