Thames Water's CEO has a $1.5 million pay package which is lower than CEOs of corporations of the same size. The funding for public unions in the UK is $233 billion. Great comparison there.
This is a nonsense delineation in systems thinking. That railroad shareholders are also the public doesn't justify ripping them off.
Unions are beholden to the same impulses towards monopoly and rent-seeking as corporations. Swap members (i.e. sellers of labour) for shareholders (i.e. sellers of capital) and employers (i.e. buyers of labour) for customers (i.e. buyers of goods and services) and union management starts looking remarkably like its corporate analog, churning undifferentiated workers into a differentiated and thus premium block of labour as truly as a mill grinds forests into houses.
lostlogin|2 years ago
Have you seen the dividends and bonuses at Thames Water, or read the article posted here?
dffdsa432|2 years ago
figmert|2 years ago
JumpCrisscross|2 years ago
This is a nonsense delineation in systems thinking. That railroad shareholders are also the public doesn't justify ripping them off.
Unions are beholden to the same impulses towards monopoly and rent-seeking as corporations. Swap members (i.e. sellers of labour) for shareholders (i.e. sellers of capital) and employers (i.e. buyers of labour) for customers (i.e. buyers of goods and services) and union management starts looking remarkably like its corporate analog, churning undifferentiated workers into a differentiated and thus premium block of labour as truly as a mill grinds forests into houses.
Findeton|2 years ago
dffdsa432|2 years ago
lozenge|2 years ago
dffdsa432|2 years ago
jdasdf|2 years ago