"There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
High wages did not come before the union (the jury is still out on the chicken and the egg). That's overly simplistic, and if one dug one might find contrarian examples, but that is what my comment about rational thought is based upon.
Go hire a non-union electrician in Town A, then go to the union hall and hire a union electrician in Town A. Any mountain of empirical evidence is not going to hide the surely inescapable fact that the union man will make more than the non-union man (barring a prevailing wage clause).
In certain industries just the specter of unionization keeps non-union wages higher than they would be otherwise; this is another example of rational thought.
Last edited by The Man; 06-11-12 at 04:50 PM.
If you hire on at a Toyota plant in the U.S., you'll be taking what they offer. Period.
Last edited by Karl; 06-11-12 at 04:58 PM.