True Cost of the Employee Free Choice Act
Posted Under: Uncategorized
WedNEWSday - April 1st, 2009
A Billion Here… A Billion There - by Jacob Ingalls
Since President Barack Obama first put his backing behind the Employmee Free Choice Act during his presidential campaign it has been one of the most highly contested issues in the American Political landscape. Late last week FedEx became the leader (and hero) in the fight against this potentially devastating piece of legislation by threatening to cancel an order for up to 30 Boeing 777’s citing feasibility and cost effectiveness if the company where to unionize. The retail price of this order is $7.7 billion or about 23% of Boeing’s current market cap. Unionizing rules for FedEx are currently governed by the Railway Labor Act which forces a companywide vote to bring in a union; unlike their main competitor UPS who’s employees can unionize on a location by location basis.
Much can be made of the Teamsters efforts to unionize this company and much can be made over the lack of production that will most likely result if FedEx where to be unionized, however this is one of few times that a true number has been placed on the cost of unionization. By saying that FedEx will not be able to afford the jets if they are unionized, FedEx is saying that each employee if unionized will cost FedEx $27,012.54 in investment capital. Boeing is sure to feel the effect of this cancelation tool; in 2008 Boeing’s net Income was only $2.67 billion with total revenue of $60.9 Billion. The FedEx order would constitute roughly a 12% increase in total revenue.
The cost per employee when translated to other companies is devastating. Wal-Mart, the golden goose of labor unions with its 1.3 million US employees is staggering. If Wal-Mart has to deal with an equivalent cost of investment capital that FedEx does; Wal-Mart will be looking at a loss of $35.1 billion. The increase in cost at places like Wal-Mart will have a crushing ripple effect through our economy effecting every person and corporation along the way.
At AmericanSolutions.com, you can join the nearly 180,000 people who have signed the petition being sent to the U.S. Congress to ensure that every worker has the right to a secret ballot when deciding whether to organize a union, as well as the right to ratify the contract terms of their employment, rather than be forced to accept a contract through binding arbitration. By doing so you can help save nearly 600,000 American jobs. Please take a few seconds to sign the petition.
I did.
Thank you for standing up for fundamental American freedoms. Together we must save American jobs, and protect the rights of American workers.
There are many ways that you can help to further this effort. You can:
- Tell 5 friends to sign this petition
- Write a Letter-to-the-Editor
- Record a video telling us why you signed the petition
- Follow us on Facebook, Twitter, and YouTube
This from The Democrat - March 31st, 2009
http://www.thedemocrat.com/site/news.cfm?BRD=1867&dept_id=124331&newsid=20289203&PAG=461&rfi=9
This from The Wall Street Journal - March 30th, 2009
http://online.wsj.com/article/SB123846513600072399.html
Related Posts-
Keith Olbermann Exposes Himself WedNEWSday - May 6th, 2009 MSNBC's Keith Olbermann has exposed himself as undoubtedly one of the most insecure individuals on the face of the earth. When rival media personality Ann Coulter, a Cornell alumnus, points out that Olbermann is quick to judge others on their "academic pedigree" while conveniently overlooking the fact that he himself...... -
Rubin, $122 Billion, and Obama WedNEWSday - December 31st, 2008 The same day the media blasted us with the news of financier Bernard Madoff's arrest for his "Ponzi scheme," which cost investors $50 billion, there was nothing but silence surrounding a lawsuit that was filed against former Clinton Treasury Secretary Robert Rubin. Rubin conducted his own "Ponzi...... -
Newt's Solution to the Stimulus Bill Sunday Paper - February 15th, 2009 Newt Gingrich, former House Speaker, whose "Contract with America" led the Republican Party to its first victory in 40 years in 1994, is like many of us, skeptical of the new administratoin. In speaking to a group or local Republicans in Virginia Wednesday night Gingrich...... -
Global Welfare: Taxing the American People Will Lead to the Fall of the Republic Sunday Paper - October 11th, 2009 by Jim Kouri Conspiracy? Global tax next on Obama's agenda? While the national battle over government-controlled health care is in its final stages, participation in a United Nations-run Global Poverty Tax is expected to come up for a vote in the US Congress any time soon, according...... -
Miss California - American Voters Agree Sunday Paper - May 3rd, 2009 Sadly in America anyone who sees clearly and speaks his or her mind has to now be concerned with being labeled a bigot by the 'politically correct' culture propagated by the mainstream media. Hats off to Carrie Prejean, Miss California, for standing up for her "Biblically......
-
The Stimulus Package And Green Jobs. Dear EarthTalk: What kind of job opportunities might be opened up by the new federal emphasis on green projects? If itâs a U.S. industry that has the potential to be cleaner and greener, chances are the Obama administration has already set aside some stimulus money for it. In February 2009,...... -
Wal-Mart Action: What You Can Do It is pretty common knowledge that Wal-mart offers such low prices in their stores by both forcing suppliers prices down and underpaying their employees, both in dollars and benefits. And according to SOME PEOPLE , people deserve to make such low pay and its their own fault they do. Well,...... -
Employers Should Not Exploit Minimum Wage Employees Now that I'm out of school, I find myself thinking more about school. *Sighs* Sad, but true. I have short essay I wrote for my business ethics class I wanted to share. The textbook is Honest Work: A Business Ethics Reader by Joanne B. Cuilla. I left it pretty much...... -
Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to...... - Cash For Clunkers: A Bad Deal for Americans. The government had to suspend the cash for clunkers exchange program last week because they were in danger of using up the $1 billion allotted to the program prematurely. This is great news, right? I mean, car dealers are selling cars like hot cakes, and those nasty, stinky clunkers come......
