Unions aren't perfect, but they are helping the maintain the middle class the corporations seem hellbent on destroying.
<br /><br />I've been away from the forum for a few days. Lots of interesting perspectives. I really appreciate hearing the opinions and thoughts expressed.<br /><br />Just one thing on the union/corporation discussion. I run a corporation so I have a dog in this fight. I really don't like being characterized as an entity interested only in profit, and I don’t know anybody hell-bent on destroying the middle class. Corporations are not bad. I assume unions as well as retirement 401K plans, etc., etc. are involved in owning stocks, so your union is interested in corporations making profits to sustain your retirement. Stockholders are the owners of corporations. <br /><br />Every company I associate with is very aware that their employees are their most valuable assets. And most, with or without unions, take reasonable steps to provide conditions, wages, benefits, etc. for their employees because good employees are hard to find. As a vice president and general manager of a small corporation (45,000,000 in sales 3yrs ago and 36,000,000 this year due to economy), I do have an interest in profit--no question, but we also have a genuine interest in our employees. Three years ago we split $350,000 among 85 employees for bonuses (every year for the last 45 years). You can do the math. I’m not sure how that destroys the middle class. Because of the uncertain nature of the economy and businesses around us passing into history left and right, this year we will be splitting only $125,000 between 75 employees (had to let a few go and not replace others--due to the economy). We hire legal immigrants from a refugee company—refugees from Cambodia, Myan Mar, Vietnam, Somalia, Greece, Russia, and Nigeria. We have provided English classes at no cost when needed, helped several obtain citizenship (you can’t imagine the light in their eyes when that happens). We have helped them work from repackers to forklift and palletjack certification, to CDL licenses and drivers, to managers. If they have talent and desire, we help them grow. We don’t go out of our way to hire illegal aliens. I’ve had to send 17 of them home through ICE because we have found they have stolen identities of American citizens or used fraudulent papers copied from their “friend/pimp really” who gets one good set of paper and sells it to 10-20 different people.<br /><br />It is an offensive talking point with very little substance to say corporations are hell-bent on destroying the middle class. If they destroy the middle class, they destroy their customer base. Businessmen understand that—professors in ivory towers who have never run a lemon aide stand usually don’t. A real world example of a large corporation might be in order. I worked for the grocery chain, Albertsons, for 22 years. At that time it was the fastest growing chain in the country and the most financially stable. Running the company were men who had grown in the business with Joe Albertson from being stockers and checkers to running a company with 5-600 efficient, well run, and profitable stores. I’ll forgo names, but if you want them I can give them to you. The CFO for the company had the philosophy that everything should be paid for before opening a new store. When he retired, Albertsons had zero long-term debt—zero. There were unions and negotiations, and strikes, the usual, but the employees were treated really well and would have been even without the unions. That was the philosophy of the company. Financially it was on top of the world. Employees were secure, with great benefits, and a bright future. Over a couple of years Joe Albertson died, and all of the senior management retired to be replaced by hotshots out of college with business models taught by “learned professors” who had never been in business, but had “studied” models. About 15 years later out of necessity Albertsons sold to Supervalue. It was 7 billion dollars in debt. Poorly run, yes. A disaster, yes. On the brink of bankruptcy, yes. Unstable, yes. Why? They weren’t intentionally trying to destroy the middle class or their employees until they became desperate by trying to follow models taught by college professors who had never run businesses—use debt, use other people’s money, leverage assets, buy other companies troubled assets cheap and turn them around. Sounds like the model our government is trying to duplicate. Maybe when the Chinese demand payment we will have to give them California. What do you think?<br /><br />I’m not saying all businesses are angels. There are some real rotten eggs. I just get tired of the uninformed generalizations that I know to be so very untrue.<br /><br />Like Molda--sorry this is so long.