IBJOpinion

Unions doom workers

November 27, 2010
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IBJ Letters To The Editor

[In response to a Nov. 15 Focus story] the quote by Unite Here spokeswoman Becky Smith, “They [hotels] often take the profits they reap in this market and plow them into other markets or ship them back to the corporate headquarters,” speaks volumes about organized labor.

Just imagine the novel concept of a business making a profit and then deciding whether to reinvest in other ventures or share the profit with shareowners! How quaint an idea in this day and age! This trite and arcane concept of businesses existing for the benefit of their shareowners and not for the benefit of their employees, if not eradicated immediately, could become contagious and spread throughout our country.

Corporate profits could make future bailouts unnecessary and actually create jobs and opportunity in the future. How could we possibly live in a world without bailouts and government stimulus programs? There is a word to describe businesses that do not reinvest their profits nor share them with their shareowners: bankrupt.

Unite Here, if successful in their organizing efforts, will help their workers join millions of other Americans in the unemployment line. The necessity of right-to-work legislation in Indiana has never been greater.

____________

Craig L. Dunn
Liberty Financial Advisors LLC
Kokomo
 

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  • Yes...but...
    There is nothing wrong with a business making a profit but you're missing the point of that comment. The business wouldn't be making a profit if it didn't have dedicated employee's doing more than what is asked. They are not asking for 100% of the profits to be given to the employee's, they're looking for a small percentage, more than a 3% raise. If the business is wise and wants another successful year then give a small incentive to continue. A happy workforce is a productive one that will save money by cutting down on having to train new hires. Look, it's unfortunate it takes the threat of unionizing to get a crumb and all of that could be avoided if hotels and other industries showed a little appreciation to their workers.

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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