The greatest economic threat to the United States happens to be unions; their response to globalization and the effect it will have on the middle class. With wages around $5.00 to $10.00 more than the competition, the translation is simple; that is $5.00 to $10.00 less in profitability. Eventually the lack of parity due mainly to arrogance and avoidance will undue a substantial number of upper middle class Americans. Two days ago the United Auto Workers went on a largely symbolic strike. As of today the strike is over and they are to report back to work tomorrow. Upon reviewing the facts, ...
More..Arthur Shead
Member since: September 2007
Articles Written: 3