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Verizon Wireless Debacle: Union vs. Corporation

Conservatism, for the most part, balks at the idea of unionized companies. Citing union workers are to blame for the rates of inflation on many products and services, the greatest majority of conservatives feel unions are a thing of the past.

It has been widely known that the unions are left-leaning and the higher-ups within the unions donate alot of time and money to liberal campaigns. Liberalism says it fights for the rights of the people who otherwise would be working in sweat-shop like conditions if not for unions and their company contract agreements.

Now we have Verizon Wireless hitting the headlines as they demand their employees to take a cut in pay, put forth 3/4 of the money required into their benefits packages, and has stated it will put a freeze on all current pension plans while doing away with future pensions. This comes as Verizon hits a profit of $3 billion in the first six months of 2011 and news of the top five executives for Verizon earned an average of $130 million dollars for salary, benefits and bonuses last year.

The argument now hits the crux of the problem between unions versing corporations.

As of August 18, 2011, the U.S. Inflation Calculator shows a current 3.6% inflation rate and an item that cost $20 in 1913 would now cost $456.41. That is a 2182.0% rate of inflation change over the last 98 years.

What’s changed? Prices.

When a company and its employees are paying into their own retirement plan, salaries have been established, and the employees are not bargaining for higher wages or more benefits while the company is making billions of dollars in profit, is it right to believe that unions are a thing of the past and corporate greed is the way of life in a capitalist society?

In a succinct book titled “The One Minute Manager” a very simple, yet effective advice-giving read finds that middle ground – take care of your employees and they will take care of you. It’s a win-win situation.

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  1. Pingback: Unions | bellbookcandledotcom - August 20, 2011

  2. Pingback: Union Workforce versus Private Sector | The Objective - September 6, 2011

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