United States Steel contract proposal

[Value Buy]

Something to think about concerning our country's economic outlook or where we are today. The steel company and Union have tentatively agreed to a new four year contract.

Over four years, union members are receiving a 14% raise in hourly rate.
Four thousand dollar signing bonus.
No proposed increase in union employees paying for medical premiums.
Retirees are protected from any incremental cost increases for out of pocket costs.

This is a great win for the steel union. This is a really strong contract win for the Union.
This seems to bode well for the country, as no company would agree to such a strong package unless they beieve the economy and the steel industry is very strong, and should be good, well into the future.
No link yet, just the highlights I am getting from relatives working there.

[Value Buy]

Basically the Union got just about everything they originally asked for. The contract ended in early September this year, and usually negotiations go on months after the contract expires. The last contract negotiation went on into, I believe, the new year, so this is pretty fast by recent standards. The Union did not want to strike back then because the economy and the steel industry was not in as god of shape back then, and neither group was welling to strike. This time, the Union was welling to strike.

[Value Buy]

Frankly the Union should be thanking President Trump who has pushed our economy forward.
I am of the belief this will fuel other union contracts that are coming up and might set up the coutry for some inflation issues in the coming year.

[mroped]

What Trump did with the tariffs is not pushing the economy forward but more like flash pushing it into confusion.
We are heavily relying on imported raw or partially processed supplies. By raising the tariffs he did a few things that will hurt us:
-first, there might be some sudden increase in prices of many finished products( those that were assembled in US using imported parts)
- second, home building prices will definetly go up fast- aluminum ,drywall and timber are mostly imported, all three basic ingredients in building a house 

The smart way to approach this would’ve been to invest into encouraging bringing back manufacturing one step at the time, encourage and revive the steel industry, lumber industry etc. But that would take time and patience not to mention funding.
The approach should’ve been similar to nursing back to health a person that suffered hypothermia. He chose to hot water on a freezing body!

[ken a.k.a OMK]

Oct 15, 2018 15:26:07 GMT -5 Value Buy said:

Something to think about concerning our country's economic outlook or where we are today. The steel company and Union have tentatively agreed to a new four year contract.

Over four years, union members are receiving a 14% raise in hourly rate.
Four thousand dollar signing bonus.
No proposed increase in union employees paying for medical premiums.
Retirees are protected from any incremental cost increases for out of pocket costs.

This is a great win for the steel union. This is a really strong contract win for the Union.
This seems to bode well for the country, as no company would agree to such a strong package unless they beieve the economy and the steel industry is very strong, and should be good, well into the future.
No link yet, just the highlights I am getting from relatives working there.

I watched a similar scenario in the 90's put Bethlehem steel into bankruptcy.  

[dezii]

Any thing that helps the worker is fine by me...I am also thinking management must have gotten good news from their numbers crunchers plus am thinking they have some nice orders already on the books that are profitable...

[weltschmerz]

Oct 15, 2018 15:26:07 GMT -5 Value Buy said:

Something to think about concerning our country's economic outlook or where we are today. The steel company and Union have tentatively agreed to a new four year contract.

Over four years, union members are receiving a 14% raise in hourly rate.
Four thousand dollar signing bonus.
No proposed increase in union employees paying for medical premiums.
Retirees are protected from any incremental cost increases for out of pocket costs.

This is a great win for the steel union. This is a really strong contract win for the Union.
This seems to bode well for the country, as no company would agree to such a strong package unless they beieve the economy and the steel industry is very strong, and should be good, well into the future.
No link yet, just the highlights I am getting from relatives working there.

Aren't Republicans against unions?


The Republican Party, acting on behalf of business interests, wants to smash the institution of organized labor in America, because doing so will allow rich people to make more money. We are living in dark, dark times for unions. A brief survey of the threats:

The Supreme Court’s Janus ruling last month, which will suck a substantial number of members and revenue out of public unions, was a major blow. But we all saw that one coming for years. The bigger story is that Janus was just the centerpiece of a larger campaign against the very existence of unions that has been going on for decades. And under the Trump administration, every possible path is being pursued that can cut union membership, drain unions of funds, and undercut union power so that working people are less able to assert themselves as equals with the companies that employ them.

splinternews.com/its-open-war-against-unions-on-all-fronts-now-1827444852

[Value Buy]

Where the heck to you have to go to find such sites as your link above?

[weltschmerz]

Oct 15, 2018 22:20:39 GMT -5 Value Buy said:

Where the heck to you have to go to find such sites as your link above?

The internet.

[weltschmerz]

The Republicans are winning their war on unions

Republicans sincerely believe that when workers are able to join together to bargain collectively and seize some measure of power in the workplace, it’s an inherently bad thing. But even more importantly, they know that since unions are one of the Democratic Party’s key sources of funding and organizing, if they can be destroyed then it means Democrats will be weaker in every election.


www.washingtonpost.com/blogs/plum-line/wp/2018/06/27/the-republicans-are-winning-their-war-on-unions/?utm_term=.f3d8d28482d0

Better?

[weltschmerz]

How the Right’s War on Unions Is Killing the Democratic Party

www.thenation.com/article/right-to-work-laws-are-killing-democrats-at-the-ballot-box/

[Value Buy]

Oct 15, 2018 22:22:44 GMT -5 weltschmerz said:

Oct 15, 2018 22:20:39 GMT -5 Value Buy said:

Where the heck to you have to go to find such sites as your link above?

The internet.

I knew that. Like a disc jockey years ago used to say, the internet is full of a lot of stupid and useless stuff. 
And for the record, I was a Republican while in a union. Spent ten years there, then went into management for the same company, but could not stay in the Union since I woud now manage all union employees under me.
I receive a small pension for those eight years and do thank the union for this! 
Unlike the Democratic party, I do consider unions as a necessary group for America and the workers.

[weltschmerz]

So, you're saying that the Republicans are pro-union?
Got anything to back that up besides personal anecdotes?

[weltschmerz]

With all eyes on Trump, Republicans are planning to break unions for good


www.theguardian.com/commentisfree/2017/feb/02/republicans-unions-right-to-work-bill

[Value Buy]

Oct 15, 2018 22:30:24 GMT -5 weltschmerz said:

With all eyes on Trump, Republicans are planning to break unions for good


www.theguardian.com/commentisfree/2017/feb/02/republicans-unions-right-to-work-bill

How about starting a thread on union busting by Trump and company rather than sidetracking a thread about a union contract and how great it is, and whether it has any far reaching results one way or the other on the rest of the Nation, or the future economy?
TYIA

[Value Buy]

Oct 15, 2018 16:43:10 GMT -5 dezii said:

Any thing that helps the worker is fine by me...I am also thinking management must have gotten good news from their numbers crunchers plus am thinking they have some nice orders already on the books that are profitable...

 

True that.
We also must admit the book orders are short term committments for product, and not nessarily a decade guarentee of orders. Once the contract is in place, everything can change in a year and the steel comapnies are back in the red financially, losing 100's of millions of dollars in a year.

I am wondering if it starts fueling other industries, such as auto industry, etc, and puts inflation back on the front burner. I was never a fan of inflation and economists who always favored some inflation in our economies, because it always hurt the under and unemployed families as well as retirees who never receive the wage inflation.
Hopefully, this is simply putting the workers on course to receive some of the increases they have not received over the last two contracts that they agreed to. I admit they are still behind on wage increases not received in the last decade or so.

[NastyWoman]

Oct 15, 2018 15:26:07 GMT -5 Value Buy said:

Something to think about concerning our country's economic outlook or where we are today. The steel company and Union have tentatively agreed to a new four year contract.

Over four years, union members are receiving a 14% raise in hourly rate.
Four thousand dollar signing bonus.
No proposed increase in union employees paying for medical premiums.
Retirees are protected from any incremental cost increases for out of pocket costs.

This is a great win for the steel union. This is a really strong contract win for the Union.
This seems to bode well for the country, as no company would agree to such a strong package unless they beieve the economy and the steel industry is very strong, and should be good, well into the future.
No link yet, just the highlights I am getting from relatives working there.

Is it? Since this is a 4 year deal that  remains to be seen. It is only a great deal if inflation over the next 4 years < 3.5%/year. It probably is only true if those wonderful tariffs don't play havoc with the prices. I hope this is a win, but I am not as confident as you seem to be.

[weltschmerz]

Oct 16, 2018 7:54:27 GMT -5 Value Buy said:

Oct 15, 2018 22:30:24 GMT -5 weltschmerz said:

With all eyes on Trump, Republicans are planning to break unions for good


www.theguardian.com/commentisfree/2017/feb/02/republicans-unions-right-to-work-bill

How about starting a thread on union busting by Trump and company rather than sidetracking a thread about a union contract and how great it is, and whether it has any far reaching results one way or the other on the rest of the Nation, or the future economy?
TYIA

I understand. You have Jacques.