@shinobinoz Said
Very nice!
Discuss!
https://motherjones.com/kevin-drum/2011/03/screwed-fed
The UNIONS! First in private industry and NOW by our public servants. They do not wish to be just the middle class They want to be the UPPER! They initiated the inflation cycle!!
Inflation originates in the first increase in the cost of a product or service. It is compensated by a proportional increase in the product or service or individual who must buy from that vendor.
The normal inflation cycle is usually associated with the demand of a wage increase by a union during the renegotiation of a contract with a company.
The union and its leaders know that they are living in a continually spiraling economy and in order to protect their purchasing power and protect their economic position they must get a pay raise. The officers of the company are naturally reluctant to accede to the demands of the union leaders but they eventually agree to most of the demands presented to them. A walkout or strike would directly affect their profit margin and also possibly cause along range loss of business if competing companies take ADVANTAGE OF THEIR POSITION.
To compensate for the pay raise, the company is required to raise the price of their product a proportional amount and -- in order to maintain the same profit margin, -- add a little "to boot". They can do this because they knew that their competitors will very shortly find themselves in the same situation No link!