Professor Mark J. Perry's Blog for Economics and Finance
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"It comes down to greed" declares the union boss.So the consumer's desire to get the most for his money by purchasing products at the lowest price -- and the Walmart shareholder's desire to maximize the profits on his investment -- both constitute "greed" and therefore qualify as evil. But the worker's desire for more pay and more benefits does NOT constitute "greed" and is, rather, a legitimate demand.
that is fantastic journalism.i have new respect for those guys.
Las Vegas, Nevada is on of the epi-centers of the services sector of the economy. Wal-Mart Service sector jobs are protested by out of work service sector employees paid for by yes, a service sector union. There is delicious irony in the video. The not so delicious irony is that a services reliant economy doen't have the economic base to support itself. The result is a pitiful melange of low wage and low/no benefit antagonists trying to force higher economic outcomes without the rest of the economy providing the wealth to make it really possible.
The reason that the best news show is on Comedy Central is that the news is just so darn funny!
I remember the same story a while back when WalMart had opened a Las Vegas area store. These clowns were shipping in scabs that had a 2-hour bus ride to their protest "work location" to decry the poor working conditions at Wal-Mart. Of course, they were stuck by the union in the 100+ degree heat on a sidewalk with no water or plumbing facilities - at minimum wage. Oh, and no pay for the 4 hours on the bus every day.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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