And the union people crawled away ay ay ay ay ay ay
--Billy Joel
Looks like unions will 'win' their strike vs Hostess Brands. Unfortunately that win means HB will liquidate. 18,000 jobs lost.
Another demonstration that trying to fix price of labor above market results in compulsory unemployment.
Subscribe to:
Post Comments (Atom)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sllqefRaTSXTO9T2ShfOAk5koy4SsX_DNDryDyIZJy53cmcJ6v4v-ToMZgPTJmPAWE3LJA6PSmtjWm9clsmhym2aywoQdWwArEi9wtWQo5gJiTPAFsmKIjTqvp6ubT17_Qcw=s0-d)
1 comment:
Exclusively preoccupied with wage rates and pensions, the unions boast of their Pyrrhic victories. The union members are not conscious of the fact that their fate is tied up with the flowering of their employers enterprises.
~Ludwig von Mises
Post a Comment