The Importance Of Labor Unions Cause Companies On A Modern Market

1349 Words Nov 10th, 2014 null Page
The greatest detriment that labor unions cause companies in a modern market, is a reduction in the amount of investment dollars that a corporation receives. These devoted funds are the lifeblood of a company. The shareholders are the people that have the ability to make or break a business. Investors need to know that they will receive a return on their investment. This means that they want to make more money than they put in.
There are several factors that might deter a person of this status from giving money to a company with unionized labor. The first of these deterrents is the risk of work stoppages. The Bureau of Labor Statistics relates some of the results of work stoppage. It says that “The longest and most days idle of any major work stoppage beginning in 2013 was between the New York City Public Schools and the Amalgamated Transit Union Local 1181, with 8,000 workers accounting for 176,000 days idle.” The magic formula for a company to function is to have workers work. For every minute that business is stagnant, money is lost. Luke Hopewell of Gizmodo states that “In 60 seconds, Apple makes a dizzying $328,965 in revenue. Translate that into profit, and it’s still an insanely high $71,288. Per second, Apple makes over $1100 in pure profit.” This means that if Apple employees were to strike for a regular eight hour work day, $157,903,200 in revenue would be lost. Market giants becoming inoperative would cause a massive trickledown effect. Other…

Related Documents

Espia Por Error | Vikingane HDTV 720p AC3 5.1 | WATCH PAKISTANI MOVIE