by Dan Crawford (Rdan)
Business Insider offers one sort of opinion by Mike Shedlock… what I can gather from the short article are the implications that outsourcing over the globe is a consequence of unions, that we should be more like Louisiana, and there is no economic literature on labor to offer some alternative explanations. And serves notice to public employee unions of what is next…you privileged workers are next after we finish off what is left of the private unions. Really nice offering.
Now this particular effort might reflect some lack of understanding on the unions part, but absolves any decision by Cessna management for stupid decisions it appears. Be afraid is the message.
Here’s the deal. The Hises and the union in general appear ready willing and able to “hurt the whole Wichita economy” if they do not get what they want.
I have to ask “How stupid is that?”
The answer is “tremendously stupid”.
It is far better to have a good paying job and no job security than no job at all and no prospects of a job. That’s what it boils down to, and like it or not, that is the economic reality.
I do not know what salaries are, but a 10 year contract with only a 4.2% pay cut does not strike me as a bad deal. Those who think otherwise need to compare it to the alternative: seeing all the jobs go to Louisiana, Mississippi, or outside the country.
By the way, wouldn’t residents of Louisiana and Mississippi be very grateful for those job, regardless of what the salary was? I think so. So the bottom line is this mess, is the unions would be to blame and only the unions to blame if Cessna moves elsewhere. The union will also be responsible for wrecking the entire local economy if it happens.
Take the contract and run! It’s for 10 years! Because …. You Don’t Know What You’ve Lost Till Its Gone, Then It’s Too Late. In this case, it will be gone forever.