Market? Hostess goes under, pays $18 million to executives and lays off all the workers. I've sure never been canned and got $18 million. I don't know where longshore workers get $130,000. I've known longshore workers in Seattle and Oakland who don't get anywhere near that. They do get fingers and toes crushed, asbestos and arsenic exposure, and some get backs broken. Frankly I think they are more deserving of $130,000 than most pencil pushers who do get that kind of money. As for state/local budgets, it's hardly the "extravagant" pay of teachers and DMV clerks that are breaking the banks. Funny how people turn on $50 K public workers (or $15K farmworkers) but have no problem with $50 million tax breaks for corporations and wealthy? Swallow an elephant and choke on a gnat. My point was Eisenhower would be considered a raving lefty radical by today's Republican Party.
Anything you say or post can and will be held against you. Thus, the derailment to the point of your thread. As for longshoremen pay rates..... There's been a lot in the news up here recently, as one strike was recently averted (PoP security guards) and a second one looms (longshoremen). In one article I had read, it said something to the effect that longshoremen were unhappy with the most recent pay rate offer, which was some around $73-75/hour.
Yep. I'm an economic idealist facing the reality of corrupt governments and unions warping the work of the Invisible Hand.
The Board of Directors could have negated those bonuses. Usually, they are "retention" bonuses, as Hostess needs these people to stay on to liquidate the assets. As for you never receiving money when you were fired, perhaps you never developed a skill that has value in the marketplace. I hate corporate welfare, too. So that we have in common. Let the market decide. And physical work is tough. To me, it's a young person's game. It shouldn't be a lifetime job. It's their responsibility to develop their own skills. If they choose not to do so, then that's their own problem. And Kennedy resembled a Reagan Republican more than a Democrat. What's your point?
That's it, motivate me... I prefer to let the market decide prices of goods. If you want to sell an expensive product, make it valuable and leave it unpriced for each consumer to voluntarily price at each moment of sale. If you can't sell a Twinkie, it's your own damn fault. And instead of negotiating wages with workers, you should just voluntarily let them be paid whatever they want. That Libertarianism from the workers' viewpoint would be a mirror equivalent of what you want, which is for unions to not negotiate for good wages, and for everything to be involuntary on the side of workers and consumers, as structured by the rich employer's side.
So no one will wrap up the accounting for under $18 million. Well I will. Debit Equity and Liabilities, credit Assets. Next? Exactly what $18 million skill is it that you are critical of union members for not having?
