Saturday, November 24, 2012

Economy

Apparently more reporters covered the Walmart walkout than employees participated in it.
"According to the Bentonville-based company, roughly 50 people who are actually on Walmart's payroll joined today's "walkout" nationwide. The protest organizers say "hundreds" participated. Even if 1,000 took part, that's still less than 1/10 of 1% of Walmart's 1.4 million associates."
No effect on black Friday.

Claim that the Teamsters was the union doing most of the damage to Hostess. It that was true, why did Hostess try to liquidate after the Teamsters had renegotiated? It's look like there's some division in the union ranks. This is another tragedy of the commons situation. These two unions were fighting to maximize their exploitation of  a common resource - Hostess - and that resulted in Hostess going bankrupt.

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