29 March 2013

Entrepreneurs and Unions and Abuse of Political Power

One take on the issue of unions in today's environment--

Mish's Global Economic Trend Analysis: One Man’s Fight Against Union Power: " . . . Silicon Valley entrepreneurs come from a variety of ideological leanings, but it is accurate to state that most of them support Democratic political candidates. Perhaps this, combined with their extraordinary personal wealth, blinds them to the agenda of unions, despite the fact that public sector unions already control California’s state and most of its local governments and their unsustainable financial demands are contributing to the insolvency of those institutions. If the Silicon Valley business elite want to maintain control of the companies they founded, and preserve the vitality of the new industries they helped create, they should take a careful look at the proper role of unions in 21st century America. Because the rules governing unions and union organizing are at a tipping point. If union-friendly legislation continues to emanate from Washington D.C., and Sacramento, the Silicon Valley may find itself on the front lines of a battle for which they are entirely unprepared. . . . The only way to stop such abuses is to curtail union privileges especially public union privileges. Three Needed Solutions:
  • We need National Right-to-Work Laws
  • We need to scrap Davis-Bacon and all prevailing wage laws at the state and national levels
  • We need to end collective bargaining of public unions"
Read more at http://globaleconomicanalysis.blogspot.com/2013/03/one-mans-fight-against-union-power.html#sSwJUS7uoR71bHXZ.99

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