Somewhere_
i don't know where
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- somewhere (duh)
- Seen Jun 5, 2019
I agree completely. But (speaking for my own country, the US of A) people are constantly told that unions are greedy and corrupt and whatever else that makes people not want to support unions. There are also plenty of laws aimed and reducing the power of unions or people's ability to form unions.
But if that were true then why are there so many big corporations just sitting on piles of money and not putting it back into the economy?
I guess if your business is in actually making a product or providing a service that everyday people want or need it could be in a business's interests, but even something like Walmart doesn't pay its people well.
Corporations are funded or bailed out by the government through taxation, which allow them to sit on piles of money a little bit. For rich people, high tax rates dont really encourage them to keep their money stored in the US and putting it into the economy.
However, despite these uneconomical problems, corporations are still liable to the customer and employee. Despite the extra boost from gov't, if the companies do not invest back into their workers or products, they cannot last in the market. Its too easy to fail- this is why from the fortune 500 companies of the last century, only a small percentage of them are left.
Dont forget corporations must deliver a profit to shareholders, and the board would be sued to high hell if the corporation sat on money for too long and does not invest it. And the CEO fired. There is high incentive to not store the money, unless the corporation is planning to expand, which would provide jobs in the long run.
I would have to agree with you on unions- people should be able to form unions easier. Its a great check to businesses and corporations. The problem comes when unions receive privileges (the corruption and greed you allude to). I think people think too low of unions, but also too highly of them. Some want them heavily regulated *cough* *industrial revolution* *cough* or want to give them privileges (which end up hurting non-union workers).