Posted on 04/06/2016 5:22:42 PM PDT by Olog-hai
U.S. Steel says it is cutting 25 percent of its non-union workforce in North America, or roughly 750 jobs.
The Pittsburgh-based steel producer has about 21,000 employees in North America and about 18,000 are represented by the United Steelworkers union at last count. …
(Excerpt) Read more at hosted.ap.org ...
It’s time to think someone’s LEGACY, is it not?
21,000 in North America? How many are in the US? I didn’t think there were that many left.
Can’t hardly give away scrap metal these days.
Tariffs would help this.
The simple act of freedom of choice would help this...nothing else.
These union thugs have the ear of socialists and democrats and have been destroying our industrial base like a bunch of termites eating at the foundation until now it is peril of failing.
I’m from Texas and I HATE UNIONS!
Tariffs would only make steel more expensive and wouldn’t address the underlying problems of high taxes and too many regulations.
You actually believe the cover story handed out by the corporate elites. UFB.
Um, you might try reading the story.
Because jobs in steel-producing industries are much more important than jobs in steel-consuming industries. And the federal government is wise enough to make the call.
And you are a fool if you think that tariffs do anything except drive up the price of goods for consumers.
Of course, no union jobs are at risk. Pure evilness.
They should have cut 250 union jobs and saved the 750 non-union jobs.
Tariffs actually decrease the incentive for US companies to become lean and mean and takes away the incentive for companies to innovate.
It is the same story handed out in even the most rudimentary economics classes nationwide, primarily because it is an economic fact. American steel ceded market share to foreign producers decades ago. And they lost it for reasons that tariffs won't fix. Personally, I am not inclined to protect industries that will make me pay more for products than I currently pay.
You just might use some common sense in reading the story: They are ONLY laying off non-union workers. Not union workers.
Why? The reason is very simple: the communistic union workers control the company by intimidation, both physical and legal while the non-union workers have no control at all...and should not in a free country.
Simply put, it was cheaper to lay off non-union workers than to bear the expense of fighting the unions (and their illegal tactics) to get rid of them or to lower their pay to save the company.
Fixed.
Ok fine, it's a fact that complying with regulations causes marginal increases in cost. Probably a tiny fraction. Taxes are on profit marginally increase in prices too. So regulations and taxes are inflationary. Perhaps a 5% cost factor.
I do not particularly like paying taxes or complying with regulations. Who does? But the question the American people, and NOT corporations, need to ask themselves is the inflationary effect of regulations and taxes worth the cost? Or even if they are not worth it then is offshoring in the best interest of the American people. The only weapon the American people have against off shoring are tariff and embargos.
Only idiots or disingenuous socialist tools in academia would teach economics in a political vacuum. Most "profs" are socialist BS artists and they know current economic theory put into practice is hastening socialism. Anyone with a room temperature IQ can see that.
Domestic competition forces lower prices and innovation. I know you hate America but think things thru.
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