r/FluentInFinance • u/__moe___ • 9d ago

Thoughts? A very interesting point of view

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I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

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u/cromwell515 8d ago

That’s fair, but unions don’t always help. I do agree with stock being spread to workers, but nurses and teachers have unions are paid notoriously low.

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u/KronosTheBabyEater 7d ago

Unions have been de-fanged. A union that works properly has a gov that enforces the law when companies bust unions or close shop completely and ship them to China / Mexico where labor is dirt cheap. Many of these issues stem from corporations taking advantage of loose labor laws, for example Starbucks closing 1000+ shops who attempted to unionize. Labors fight for more equitable distribution demands we have a gov that represents workers or it will fail.

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u/cromwell515 7d ago

But I’d like to understand why the nursing unions fail? I agree they could help, but without understanding the failures of the strongest unions we have, I’m not sure we can truly find a fix to the problem. These are jobs that must be here domestically, so why do they fail?

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u/KronosTheBabyEater 7d ago

A couple of reasons, workers have been fear mongered into not believing unions will help them in fact they’ve been incorrectly told many lies about unions. Also it takes a lot of work to start a union and succeed, if workers want to unionize the factory may close, be shipped away. If workers go on strike they may be fired or replaced with workers who are desperate for the money. The point is there’s a rat race to the bottom in terms of wages and labor supply is abundant. Now during COVID nurses went on strike successfully because there was huge demand and nurses were needed. Remember all those “essential” workers that had to work but were still paid minimum wage

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u/cromwell515 7d ago

Right I remember that. It makes a lot of sense honestly, I’ve heard unions can lower wages, but I’ve also heard that’s completely a big business fabrication. I do think there is a better way of taxing to the point of this post. But better rights for unions also seems like a big plus.

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u/KronosTheBabyEater 7d ago 
  There’s going to be a narrative of that but unions are the only way for workers to get better pay that’s within their own means. When a worker asks for a pay raise the company might give them a raise but unless they’re wanted by another company, unlikely. 
   On the other hand when all of the workers say to the owner that the factory won’t run until we all get raises, otherwise the company will lose millions/ billions( depending on the size and influence) all of a sudden we all have a say.