Free Markets, Free People
Of course we’re talking about a government union, the SEIU, which plans today, from 11am to 4pm (PST), to put 1,000 protesters on Century Blvd. near LAX to, one assumes, “persuade” harried and pissed off travelers that the SEIU’s cause is just.
So to do that they choose peak time on the busiest travel day of the year to protest a company that decertified them by claiming that safety at the airport has been compromised (because, you know, only union companies have the inside on “safety”), that the company isn’t paying a “living wage” (according to other new reports, the employees of this particular company have gotten wage increases since decertification) and that the employees are being denied health care coverage (the same news reports claim these employees now have a number of health care insurance choices).
Or to put it another way, this is a fairly typical propaganda driven and thuggish union tantrum and they’re planning on screwing over travelers to make whatever point they are trying to make.
Which brings us to a graphic I found interesting. Now granted, in the case of the graphic we’re talking about private unions. But it still make a powerful statement about unions overall:
Of course, given the demise of Hostess, I’d guess that last number is just a touch higher.
So, if you were looking at this graphic and considering what the SEIU planned for today given the fact that it is likely to cause some people to miss flights etc., what would your overall impression of unions be? And how relevant would you consider them in the 21st century?
The following US economic statistics were announced today:
Initial claims for unemployment fell 41,000 last week, to 410,000. The 4-week moving average rose to 396,250. Continuing claims fell 30,000 to 3.337 million. The huge swings of the past couple of weeks are clearly related to Hurricane Sandy, so getting any handle on the fundamentals of the labor market are impossible with the current weekly volatility.
The MBA reports that mortgage applications fell –2.2% last week, with purchases up 3.0% and refinancings –3.0%. Despite an overall decline in applications, purchase applications are trending up, which is a positive trend for the health of the housing market.
The Bloomberg Consumer Comfort Index fell –0.8 points to –33.9.
The Reuter’s/University of Michigan’s consumer sentiment index fell more than 2 points to 82.7.
The Conference Board’s index of leading economic indicators rose 0.2% in October.
The Markit Economics PMI Manufacturing Index Flash rose more than a point to 52.4 for the mid-month flash. Anything over 50 generally indicates economic growth.