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| Report: Powerful labor union plans massive budget cuts in wake of Donald Trump victory; The good news just keeps coming... | |
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| Tweet Topic Started: Dec 27 2016, 01:30 PM (976 Views) | |
| PATruth | Dec 27 2016, 01:30 PM Post #1 |
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http://www.cbsnews.com/news/seiu-labor-union-massive-budget-cuts-in-wake-of-donald-trump-victory/ The Service Employees International Union, perhaps the single most politically powerful labor union in the country, is drastically cutting its budget in the wake of president-elect Donald Trump’s election victory. According to an internal memo obtained by Bloomberg Businessweek, SEIU president Mary Kay Henry said the union must “plan for a 30% reduction” in its budget by the start of 2018. That number includes a 10 percent budget cut by the start of 2017. |
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"No. No he won't. We'll stop it." | |
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| jake58 | Dec 27 2016, 02:17 PM Post #2 |
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$300 million budget? and of course, union management will be cutting their salaries, amirite? |
| That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens | |
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| George Aligator | Dec 27 2016, 02:24 PM Post #3 |
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All the labor economists which I have read, and there are lot of them, seem to agree that collective bargaining is the most effective mechanism for raising wages. Wages have been stagnant for a generation and, in the bottom third of the wage scale, actually declined in inflation-adjusted terms. This has been a widely recognized problem for the society as whole and one which Mr. Trump has specifically promised to address. I understand the hatred of the union movement among conservatives and the belief in right-to-work laws etc. But I cannot find any credible plan to raise wages other than the minimum wage law and collective bargaining. Mr. Trump seems to think that job creation, which he promises to do by reducing imports, will necessarily raise wages as well as employment, although recent experience and the rapid growth of productivity technology both say that isn't so. Most of the jobs being created are for robots. Mr. Trump has also suggested that cutting corporate taxes will lure overseas profits held by US corporations to be repatriated and invested in new jobs. This also seems a dream because all the evidence points to such repatriated profits being spent on stock buybacks and productivity technology, i.e. hiring more robots. The sad fact is that we are in a new era as regards both jobs and wages. The long-standing connection between hiring more workers and producing more stuff has changed very significantly. The demand for workers lags further and further behind production increase and the resulting over-supply continues to depress wages. All well and good, say the fans of business profit, but the US economy is heavily dominated by the consumer sector and we are already at the point where stagnant and declining wages are suppressing demand. No customers, no profits, no kidding. |
| Conservatism is a social disease | |
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| PATruth | Dec 27 2016, 02:34 PM Post #4 |
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Today's labor unions, especially those representing government employees, are pushing an outdated product. If you look at cities like Chicago they are basically bankrupting the government while providing less and less in terms of real services. The legacy costs are staggering and unaffordable despite record high taxes. It's a bad joke to say they "serve the people", it's more like the taxpayers are serving the unions. Private sector unions, especially in the trades have made strides to become more cost conscious and business friendly. It's really a tale of two unions. |
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"No. No he won't. We'll stop it." | |
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| jake58 | Dec 27 2016, 02:35 PM Post #5 |
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Man, you're like a dog with a bone... There are lots of jobs out there and lots of people unqualified to do them... how about we start on that and the over-reliance on H1B visas. |
| That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens | |
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| PATruth | Dec 27 2016, 02:39 PM Post #6 |
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Good paying jobs in the trades like welding are going unfilled because today's snowflakes don't want to work with their hands. They take unskilled jobs at Walmart and expect a union to get them more money than the job justifies. I'm thinking throwing out the illegals and reducing the welfare benefits will motivate some of our young people to get off their arses. |
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"No. No he won't. We'll stop it." | |
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| George Aligator | Dec 27 2016, 06:38 PM Post #7 |
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I agree with you that the labor movement has failed to keep up with the times and the changing global economy. Personally, I date the crisis to the day the UAW over-ruled Walter Reuther and elected to accept GM's offer of a handsome salary and benefits package rather than seats on the board of directors such as the European auto unions were bargaining for. The result was a a decade or so of unprecedented salaries for workers but powerlessness when the sh!t hit the fan from Japanese competition and the oil shocks. There has also been a class divide going back to the early days of the AFL and the disdain of skilled labor unions for the CIO. When the service sector of the American economy boomed, the labor movement was asleep at the switch, fat and happy. I'm no defender of the labor movement but, for all its imperfections, it has been the key to the wealth distribution issue in Europe while we have been bled white by the 1%. I have nothing against the rich; hell, I am one of them; but too many American families just have too much month left over by the end of the money. Our world competitiveness and social stability are being undermined by current domestic tax policy. |
| Conservatism is a social disease | |
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| Coast2coast | Dec 27 2016, 06:38 PM Post #8 |
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The same people that are against the collective bargaining of Unions are also against a minimum wage. It all spells anti-labor / anti-worker. |
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| estonianman | Dec 27 2016, 08:32 PM Post #9 |
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Unions monopolizing the labor force are anti-worker. You fail on all accounts. |
| MEEK AND MILD | |
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| CautionaryTales | Dec 27 2016, 08:35 PM Post #10 |
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Only Trump can fix it. Right? |
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Have you paid your internet taxes? | |
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| estonianman | Dec 27 2016, 08:42 PM Post #11 |
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and if he does do you wish that it fails? |
| MEEK AND MILD | |
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| dr345 | Dec 27 2016, 09:36 PM Post #12 |
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He won't |
| un jour on se souviendra de ca comme on se souvient de ca | |
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| estonianman | Dec 27 2016, 09:40 PM Post #13 |
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Wishful thinking? |
| MEEK AND MILD | |
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| dr345 | Dec 27 2016, 09:42 PM Post #14 |
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reality |
| un jour on se souviendra de ca comme on se souvient de ca | |
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| estonianman | Dec 27 2016, 10:02 PM Post #15 |
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how can it be reality since trump isn't even president yet? |
| MEEK AND MILD | |
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| clone | Dec 27 2016, 10:38 PM Post #16 |
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Director @ Center for Advanced Memetic Warfare
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Libs talking about reality is comedy gold.... |
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| BuckFan | Dec 27 2016, 11:09 PM Post #17 |
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Typical Rightie logic. Unions are the worker, they cannot and are not anti-worker nor are they anti-labor. The fact is if you track the loss of union membership and power you will be tracking the loss of middle class income |
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| estonianman | Dec 27 2016, 11:12 PM Post #18 |
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So you support monopolies? Why |
| MEEK AND MILD | |
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| BuckFan | Dec 27 2016, 11:19 PM Post #19 |
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Unions are not monopolies |
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| estonianman | Dec 27 2016, 11:20 PM Post #20 |
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Who do they compete against then? |
| MEEK AND MILD | |
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