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Tuesday, August 4, 2009

How Unions have changed global economics...

It's no longer about what's best for the company or what's best for the consumer. What matters now, is what's best for the worker. That is what has changed when you consider the labor unions that have now infiltrated developing industrial nations (China, India, Korea, Japan).

Granted workers deserve collective representation, however, this can have unfortunate side effects.

I don't advocate a unionless economy, but I do advocate for members of a union to hold themselves to high expectations for their membership within their union (assuming the union does its job - a big assumption). What good is a union member if they're no better in terms of quality than the "scab" that's eager to replace them for less money and fewer benefits?

Not many people understand that one of the reasons that the economies of China, Japan, India, and Korea have declined in recent years (prior to the global recession) is because of the introduction of organized labor unions that demand more for their workers which requires cutting down on profit margins.

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