Category Archives: Unions

Capitalism, Unions, and Offshoring (Part VII): Lessons Learned

Posted on Tuesday, June 28, 2011 by Sean Patrick Hazlett

In the last six installments of this series, Egalitarius’ management encouraged its workers to unionize, and then instituted several aggressive cost-cutting measures to offset the cost of more expensive unionized labor. In another scenario, Egalitarius’ unionized workforce went on strike. In the last … Continue reading →

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 14 Comments

An Open Letter to Aspiring Presidential Candidates: Seven Questions

Posted on Monday, June 27, 2011 by Sean Patrick Hazlett

Yesterday, I invited all of the current declared Presidential nominees to my site for a 10-question interview on all elements of their policies ranging from healthcare to international security. I suggested that I would post a series of 7 questions … Continue reading →

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An Open Letter to Aspiring Presidential Candidates

Posted on Sunday, June 26, 2011 by Sean Patrick Hazlett

As competition for the Republican Presidential nomination heats up, I wanted to invite all of the current declared Presidential nominees to my site for a 10-question interview on all elements of their policies ranging from healthcare to international security. Format … Continue reading →

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Posted in Business, China, Clean Energy, Clean Tech, Climate Change, Crime, Defense, Education, Energy Security, Finance and Economics, Food Security, Healthcare, International Security, Investing, Media, Middle East, Nuclear Power, Nuclear proliferation, Peak Oil, Policy, Politics, Social Security, Special Guests, Taxes, Terrorism, Unions, War | Tagged , , , , , , , , , , , , | 2 Comments

Capitalism, Unions, and Offshoring (Part VI): Recession

Posted on Sunday, June 26, 2011 by Sean Patrick Hazlett

In the last installment of this series, Egalitarius’ management instituted several aggressive cost-cutting measures to offset the cost of more expensive unionized labor, and Meritocratus’ management moved its production facilities offshore. This scenario starts before Egalitarius’ strike begins. As both companies … Continue reading →

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 12 Comments

Capitalism, Unions, and Offshoring (Part V): Offshoring

Posted on Saturday, June 25, 2011 by Sean Patrick Hazlett

In the last four installments of this series, the Widget Worker’s Union (WWU) brought Egalitarius to its knees with a strike that ultimately forced the company to declare bankruptcy. Before the WWU strike, Egalitarius’ management instituted several aggressive cost-cutting measures to offset the … Continue reading →

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 6 Comments

Capitalism, Unions, and Offshoring (Part IV): Strike!

Posted on Friday, June 24, 2011 by Sean Patrick Hazlett

After Egalitarius’ management launched its cost-cutting program in response to worker unionization, the Widget Workers’s Union (WWU) called for a strike. The union contended that Egalitarius’ cuts constituted unfair retaliation against the workforce’s unionization. It is also complained that the inferior materials Egalitarius now used were hazardous to the … Continue reading →

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , , | 3 Comments

Capitalism, Unions, and Offshoring (Part III): Cost-Cutting

Posted on Friday, June 24, 2011 by Sean Patrick Hazlett

After encouraging its workforce to unionize, Egalitarius’ management saw a precipitous decline of 80% in its share price. With an eye on saving the company and the executive team’s jobs, Egalitarius’ management implemented aggressive cost-cutting measures.

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , | 6 Comments

Capitalism, Unions, and Offshoring (Part II): Workers of the World, Unite!

Posted on Friday, June 24, 2011 by Sean Patrick Hazlett

In the first installment of this series, we introduced two widget producers called Egalitarius and Meritocratus. Egalitarius’ management encourages its workers to unionize, because it wants to ensure that the company treats them fairly. With high ambitions to rectify Egalitarius’ “unfair” labor practices, the Widget Worker’s … Continue reading →

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , | 4 Comments

Capitalism, Unions, and Offshoring (Part I): A Tale of Two Firms

Posted on Friday, June 24, 2011 by Sean Patrick Hazlett

Once upon a time, there were two firms, Meritocratus and Egalitarius. Both firms operated in the $10 billion widget industry, and each had 50% market share. Widgets were not a commodity. Purchasers were sometimes willing to pay a premium for a … Continue reading →

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Posted in Business, Finance and Economics, Investing, Mathematics, Policy, Politics, Predictions, Taxes, Unions | Tagged , , , , | 3 Comments

Christie Scores Legislative Victory Against Public Unions

Posted on Thursday, June 23, 2011 by Sean Patrick Hazlett

According to The New York Times, New Jersey’s Assembly passed a bill 46 to 32 today that would “sharply increase what state and local workers must contribute for their health insurance and pensions, suspend cost-of-living increases to retirees’ pension checks, … Continue reading →

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Posted in Business, Finance and Economics, Media, Policy, Politics, Taxes, Unions | Tagged , , , | 4 Comments