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The Water Cooler
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Michigan pushes right-to-work measure(24th state in the nation to adopt R-T-W)
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<blockquote data-quote="Werewolf" data-source="post: 2017735" data-attributes="member: 239"><p>Soooo...</p><p></p><p>Walmart is killing the unions then. I may have to shop there more often.</p><p></p><p>Economic patriotism? <strong>Puhleeeez!</strong> When it comes to making economic decisions people are fairly rational at the micro level. They fill their shopping baskets with goods that provide the most value for the least cost. That's just the way it is whether you're a chinaman or a 'mercan.</p><p></p><p>Making buying decisions based on where something is made isn't rational. One maximizes value to cost. Basic economics. It's that simple.</p><p></p><p>Unions created the situation that priced US manufactured goods right out of the market by demanding wages and benefits that exceeded the equilibrium cost of labor based on the supply and demand for it. Unions could get away with that when the cost of going off shore for manufacturers exceeded the benefit. When it no longer did (globalization if you will) it was, "hasta la vista, baby, we (manufacturers) are outta here".</p><p></p><p><strong>Why?</strong></p><p></p><p>...because businesses make rational economic decisions too.</p><p></p><p>The unions made their beds. Now they can lie in them.</p><p></p><p><strong>Aside:</strong> One wonders how many of the rabidly pro-union members here are also regular patrons of Walmart? Do y'all make sure every purchase is a product made in America? </p><p></p><p>Just askin'....</p></blockquote><p></p>
[QUOTE="Werewolf, post: 2017735, member: 239"] Soooo... Walmart is killing the unions then. I may have to shop there more often. Economic patriotism? [B]Puhleeeez![/B] When it comes to making economic decisions people are fairly rational at the micro level. They fill their shopping baskets with goods that provide the most value for the least cost. That's just the way it is whether you're a chinaman or a 'mercan. Making buying decisions based on where something is made isn't rational. One maximizes value to cost. Basic economics. It's that simple. Unions created the situation that priced US manufactured goods right out of the market by demanding wages and benefits that exceeded the equilibrium cost of labor based on the supply and demand for it. Unions could get away with that when the cost of going off shore for manufacturers exceeded the benefit. When it no longer did (globalization if you will) it was, "hasta la vista, baby, we (manufacturers) are outta here". [B]Why?[/B] ...because businesses make rational economic decisions too. The unions made their beds. Now they can lie in them. [B]Aside:[/B] One wonders how many of the rabidly pro-union members here are also regular patrons of Walmart? Do y'all make sure every purchase is a product made in America? Just askin'.... [/QUOTE]
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