Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Boeing’s Right to Work

January 6, 2014 By E.J. Smith - Your Survival Guy

To get union leaders to pay attention, and finally agree to a contract, Boeing threatened to move to a right-to-work state. These states, like South Carolina, actually like to work and understand competition still exists in the private sector. It’s competition between states, not union leadership, that secured the estimated 20,000 jobs in Puget Sound for the assembly of the new 777X jet.  Union leaders can’t get the job done, period. No wonder the percentage of private sector workers in unions is in single digits. The WSJ’s Review and Outlook has more here:

After machinists shot down its initial contract proposal, Boeing received bids from nearly two dozen other states eager for the jobs. Only then did International President of the International Association of Machinists and Aerospace Workers Tom Buffenbarger force another vote on a revised contract to prevent union jobs from flying away to right-to-work states in the South. Mr. Buffenbarger may have recalled Boeing’s decision in 2009 to build its 787 Dreamliner in North Charleston, South Carolina, to avoid labor disruptions that had slowed production at its plants in Puget Sound.

One reason union membership in the U.S. has shrunk to 6.6% of private workers from 35% in the mid-1950s is that to remain competitive businesses are fleeing union workforces that refuse to change. Detroit was a casualty of this jobs flight, and Seattle may have been another had Boeing machinists insisted on preserving their traditional pensions, which no longer exist in most of the private economy and leave workers hostage to economic fate. A 401(k) lets workers build assets immediately and transport them from job to job. The Boeing vote is a victory for common sense, the U.S. economy, and especially the Boeing workforce.

Related Posts

  • Boeing Union Bosses
  • Why work?
  • Right to Work in Wisconsin
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Warren Miller: If You Don’t Do It This Year, You’ll Be… - January 30, 2023
  • CATO: Global Freedom Is in Sharp Decline - January 27, 2023
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic - January 27, 2023

Dick Young’s Must Reads

  • The Armed American Family: Part I
  • Sen. Hawley Makes the Case Against U.S.-China Relationship
  • America’s Silent Army with 423M Guns
  • Escape From the City: You’re Going to Like What You See
  • The Swiss Way
  • Your Survival Guy Prefers Bombardier’s Global Express 7500
  • A Look at the Future of Main Street America
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • My Battle-Hardened Stock Market Strategy for the Worst of Times

Disclosure

RSS Youngresearch.com

  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters

RSS Yoursurvivalguy.com

  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • The Rich Seek More from Bank Accounts
  • California’s Wealth Tax Will Drive Out Remaining Rich Residents

How to Fight Wokism Idiocy

Despite Western Aid the Russians Are Slowly Taking Ukraine’s Territory

Warren Miller: If You Don’t Do It This Year, You’ll Be…

The Man Who Tried to Prevent the Challenger Space Shuttle Disaster

Ukraine Front Lines Increasingly Bloody

Is Diesel Fuel About to Become Even More Expensive?

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives