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Thread: AARP Raises Costs for Employees' Insurance Plans

  1. #131
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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by ptif219 View Post
    Read my link the management took a cut
    So have employees in places. Answer my question if dare.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by ptif219 View Post
    Read the link
    I,m not debating a link i,m debating you.Lets hear your opinion, in your own words.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by ptif219 View Post
    Read my link the management took a cut
    I did, you should:

    A 1959 shareholder suit then rocked this luxury yacht, noting piercingly that this pay had been set by a board including only insiders. CEO Homer buckled, moving to a less-rewarding formula for determining bonuses, and Bethlehem's crew went south on the pay list.

    That is also a pretty good description of what this whole prideful company, run by these richly compensated men, was doing at the time. A strong case can be made that in the very early years of FORTUNE's 500--say, the period from 1955 through 1965--Bethlehem's eventual fate was sealed. Some books about steel describe its glory days as extending into the 1960s, but the industry's financial results refute that. Instead, a bitter war between revenues and costs had developed by the '60s, and the biggest victim it left on the battlefield was that critical measure of profitability: return on equity.

    (snip)

    Confronted with what was happening to its business those many years ago, Bethlehem should have been tirelessly trying to unload its steel plants on some buyer. But of course that wasn't going to happen, wasn't even going to be thought about, probably couldn't have been carried out if it was thought about.

    (snip)

    Unable to cope with that calamity in any way, Bethlehem's bosses just dug their hole deeper, all the while contending with a set of impossible economics.

    (snip)

    Foreign steel, of course, enraged Bethlehem and the integrated industry, which believed it to be unfairly priced. The mini-mills initially bothered the industry much less, because it saw the new ventures as little more than annoying gnats, buzzing around making inconsequential niche products like reinforcing bars. But these producers then moved up the food chain, first beginning to make plate and then structural products. That hit Bethlehem where it literally lived--in Bethlehem, Pa., site of the company's big but antiquated structural steel mill. This plant, which was for years sentimentally kept on life support, was finally and mournfully closed in 1995.



    You can't remove management from the equation. Sorry.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  4. #134
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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Boo Radley View Post
    So have employees in places. Answer my question if dare.
    What question? You avoid the facts in my link and try to change the subject.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by donc View Post
    I,m not debating a link i,m debating you.Lets hear your opinion, in your own words.
    Unions have damaged the middle class by demanding to high of wages and extreme retirement packages. Then turn around and use dues to promote the democrats.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by ptif219 View Post
    Unions have damaged the middle class by demanding to high of wages and extreme retirement packages. Then turn around and use dues to promote the democrats.
    yes, becasue a person working on an assembly line isn't deserving of a living wage. what rot.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by liblady View Post
    yes, becasue a person working on an assembly line isn't deserving of a living wage. what rot.
    So, a 'living wage' to you is 3-4 times a going rate... what rot.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Boo Radley View Post
    I did, you should:

    A 1959 shareholder suit then rocked this luxury yacht, noting piercingly that this pay had been set by a board including only insiders. CEO Homer buckled, moving to a less-rewarding formula for determining bonuses, and Bethlehem's crew went south on the pay list.

    That is also a pretty good description of what this whole prideful company, run by these richly compensated men, was doing at the time. A strong case can be made that in the very early years of FORTUNE's 500--say, the period from 1955 through 1965--Bethlehem's eventual fate was sealed. Some books about steel describe its glory days as extending into the 1960s, but the industry's financial results refute that. Instead, a bitter war between revenues and costs had developed by the '60s, and the biggest victim it left on the battlefield was that critical measure of profitability: return on equity.

    (snip)

    Confronted with what was happening to its business those many years ago, Bethlehem should have been tirelessly trying to unload its steel plants on some buyer. But of course that wasn't going to happen, wasn't even going to be thought about, probably couldn't have been carried out if it was thought about.

    (snip)

    Unable to cope with that calamity in any way, Bethlehem's bosses just dug their hole deeper, all the while contending with a set of impossible economics.

    (snip)

    Foreign steel, of course, enraged Bethlehem and the integrated industry, which believed it to be unfairly priced. The mini-mills initially bothered the industry much less, because it saw the new ventures as little more than annoying gnats, buzzing around making inconsequential niche products like reinforcing bars. But these producers then moved up the food chain, first beginning to make plate and then structural products. That hit Bethlehem where it literally lived--in Bethlehem, Pa., site of the company's big but antiquated structural steel mill. This plant, which was for years sentimentally kept on life support, was finally and mournfully closed in 1995.



    You can't remove management from the equation. Sorry.
    Yet unions did things that were ridiculus. Like having to call an electrician to change a lightbulb. The wages were out of line and the cost to retirees but a huge burden on the company

  9. #139
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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Whovian View Post
    So, a 'living wage' to you is 3-4 times a going rate... what rot.
    it's bull****. unions have lowered their wages as well as their benefit packages, which will ultimately result in the lowering of all manufactuing wages, at least for those jobs we keep. you must be one of the people who believes the $70 an hour crap, right?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by liblady View Post
    yes, becasue a person working on an assembly line isn't deserving of a living wage. what rot.
    Are they worth $28.00 an hour? The higher the wage the higher the cost. It must stay within reason for the company to stay competitive.

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