Also in this playlist...
This transcript is automatically generated
Big jobs just gets brewed by DCE.
No we're not talking about I uncertainty over the temporary payroll tax deal more like.
But permanent pro union rules from the National Labor Relations Board they just came this week and basically.
Speed -- the union elections at the workplace.
Now some business owners are saying this will be the grinch that steals jobs -- the new year.
They are right or wrong hi everyone -- read about her that his Bulls and Bears let's -- Iraq.
This week Mary B Smith Tobin Smith Jonas Max parents.
Along with Gary put out now and season I welcome everybody Gary -- Winfrey unions big blocks for jobs.
Absolutely -- and look I'm gonna try to take my.
Opinions out a bit and I just went to some sources will play a little who said this the first one.
I cause of long term unemployment is unionization.
High union wages that exceed.
The competitive market rate are likely to cause job losses in the unionized sector of the economy and -- -- said that -- -- -- and summer -- Lawrence Summers are used to be advisor kept.
President Obama you know what the Federal Reserve said it said you immunization has about the same effect on investment.
I think thirty percentage point increase in the corporate tax in two -- Brenda.
There's a 2010 study out unionized firms have profits that are ten.
The 20% less than non unionized firms and in a study of 510 firms.
The growth of unionized firms.
Was zero Brenda I'm not sure how much more of a message.
These studies say about -- -- be flat out horrible.
For employment for the economy.
Non interest in season.
The goals are of these rules and they help or hurt jobs.
You know the both of these rules are only affecting when.
Cases wind up in a hearing in front of the NLRB and that's 10% and the case is so this is not some big broad wide news sweeping mandate -- -- -- is giving unions.
And you know a lot of the time if you look again argue rules they are incredibly Byzantine.
There are a lot of hoops to jump through when they're bad for both employers employees and for the unions and so they're trying to streamline their trying to reduce the -- of of uncertainty they're reducing -- of waiting time.
Reducing -- of litigation and things -- the -- for years sometimes.
So this about streamlining -- cutting getting things moving more quickly and reducing uncertainty which we think that that's not dot bad producers actually like you agree with that having.
So what had.
It yielded the best and I'll just use a Walter's example tonight as they are facing -- -- -- -- there's two things they did number -- they slowed down.
Building places in the United States Thursday -- state but number two they really sped up.
Not you get outside the United States and China and Mexico and Canada so we we found it historically whether it be -- -- you to go back to twenty different corporations that when they're faced with a quote unquote more rapid way to get to unionization they have -- more rapid way to get the heck out of dodge in and build their businesses outside.
Do you think these -- union rules mean for the economy.
Not as much as you'd think we've been in a multi decade slide immunization rates in this country to practically single digits -- -- -- you a few years and there's no change to channel RB can do.
Movie -- where they can have a vote earlier is -- chains that are really -- business in America.
And frankly the whole notion of how did -- vote -- -- And when it when it wanted to evo is actually -- moved to a free market a free market couldn't people have a vote of what they wanna be -- a day after they want they would have to wait sixty days or ninety days.
So I don't citizens -- big deal or so ridiculous anyway nor do I think it's -- how much an -- -- as far as the current economy.
A lot of the areas where -- hiring going on aren't unionized anyway.
A lot of those industries at the low growth rates are low growth rate anyway without unions got nothing to do with the unions and -- -- of their -- a loser old school industries so.
I don't see us have a huge -- a lot of talk -- of aren't unions.
A cat -- like you're Gary K -- say about that.
A -- there's nothing I like about these union heads there's nothing I like about the fact when they overtake businesses cost go up.
Everything wrong happens but in this case.
I don't think it's the biggest of deals I'd rather not see it I'd rather elections take a little bit more time so employees can get an idea what up.
The course would -- to unionize.
I just think we have much more problems out there with Obama -- with fifteen trillion -- and deficits if you wanna know what's gonna happen joblessness.
That's gonna do the track.
But what it is it's isn't.
Why do you think that businesses are fighting so hard against that if it's not gonna make that much difference you know I think this is a classic overreaction here unions and they automatically assume that anything unionize it's bad for -- economy is bad for a job -- well if you look at the historical -- I'm unionization in this country union membership is -- an all time low and Jonas is right in fact.
We look at the private sector unionization in this country it's at six point 9% -- we aren't single digits more than half of the union members right now are in government jobs are you concerned not pretty -- -- -- scary.
Perhaps and perhaps -- -- reason for that.
Well taken and and bite bite you know what is there it's action and -- -- that there's a couple things look I think it's obvious why the NLRB once these rules what do you think they just want to.
All world we're just trying to streamline become more Christian than -- more unionization that's obvious what that with the linkage this administration has shown.
With that with unions more unions say should I just spread the the first two minutes on the shelf talking about the bad effects of unions should never won -- what -- -- -- my parents around the edges what.
You may have -- cause for industries to collapse that caused wages because -- monopoly to be unduly high you don't want government doesn't work because you did have.
Raise their rates and raise the benefits of such -- -- extraordinary level.
And once Soviet government employee for crying out this is not a small issue because.
As it might start out as a small trouble now and then becomes a big boulder and finally a crisis the economy well yeah.
Don't think it's smaller than first thought it was three -- the top and show exactly.
We're and it if you are -- -- not gotten that under wrap what are the bigger point is you're debating point which is is that that that you don't have to do you know listen to us if you just take the acts it at.
Absolutely is a compelling case to would have beat at -- are doing -- albeit the same time they're they're trying to bump up their power and and that's if there -- a job economy but that's what I'm thirty seconds hold -- I wanna go into government tests.
-- I think I -- very excellent points old's point that out but I will say again if you're not.
Get a reverse this train people don't even want to be in unions if they get to vote earlier -- not gonna see this go back up from the low.
And how Google lo these what the figure 6% how much of an effect could that possibly have on the economy in such few people or even any union anyway -- -- -- save -- management you want unions -- -- against this.
Anybody who -- a business is gonna wanna go against this because it's related warrants not for management obviously has some benefits to labor.
That's what's gonna do what -- especially not as far as digitally -- more -- hiring.
You know some stuff unions do leads to more -- -- good for a company -- well they limit the amount of allergy and we're certainly don't want.
Validity of the bigger -- Andy because unions let's get guys wink -- they don't just go for higher wage which they did not -- like all you need breaks every so -- all this -- look at auto workers.
That means that these companies the cars -- Morse.
App because -- you've got -- a -- -- -- let's -- the economy isn't gonna just use the net.
-- Leo that it can lower unit warrant at all of saying -- I'll now I might still have.
Then people respond to that first of all Gary -- Well first off you mentioned the auto -- -- ought to that point.
It was the unions that basically destroyed GM with the cost.
And the legacy costs out there the big issue was when these things become -- -- bash and that's a new word I just made up.
That's when trouble comes I don't worry about these things on a smaller scale but once they get into a larger scale that's where.
Destruction happens when you get mandates from the -- -- into the business I'd rather business control.
Okay you have ten seconds Gary V to talk about -- us.
But not in the same block this is fine with -- with the big fat cat but but blob -- I'll give Derek K that.
But -- that bottom line is unions are bad more unions are -- are that's the take away from this and that's what I think it happened okay.
Filter by section