Longshoreman Strike

[richaceg]

A pay raise below inflation when profits are up so much they increased the dividend 10% and executive bonuses 13.7% is indeed not being treated fairly. And as I've shown above, people with PhDs in economics think businesses should be paying higher wages out of these profits and those wages won't increase inflation. But don't worry, the pro-business crowd will quickly tell us those economists need to study economics 101 and have no idea what CEOs deal with... Even though some of those economists have been CEOs. And then they won't be about to explain their position but won't admit that and instead just tell us it's too complicated to understand.

Obviously you don't know about economics...not them...Trudeau should do something about unfair practices done by this corporations...oh wait...

 

[JohnLarue]

The Guardian directly quoting the ECB Chairman. Who happens to be a conservative politician. Your mental gymnastics are astounding. The location of the quote didn't matter, only who said it! And it was a conservative politician! So if I link to CNN quoting Donald Trump, you're going to say it's a left-leaning quote? Trump becomes a liberal anytime he's quoted by CNN? And you think the IMF is left-leaning? They almost triggered a civil war in Greece with their demands for austerity. Left-leaning???

The best part is I predicted you'd try to claim bias so I threw in some zingers, and you didn't even bother to check?!

AIER I quoted twice. AIER!!! Does it not sound familiar to you? What if I told you they're based in Great Barrington? Does that ring a bell? It should... They're so far right!!! They deny climate change and spread COVID misinformation. They're literally the source of the Great Barrington Declaration. You don't get more right-wing than them. Their biggest partner is the Conservative and Libertarian Atlas Network!

The Cato Institute has lobbied in support of lower (and even abolishing!) taxes, less government involvement in business, opposed Obamacare and all socialized health care, and have a huge list of government agencies (Social Security, TSA, etc) they think should be privatized. Left-leaning? Are you serious???

The John Locke article author was Dr. Roy Cordato. He's a climate change dernier! Left-leaning? Ph.D. in Economics, btw. But I'm sure you know more about "economics 101" than he does.

Also quoted is Pierre Olivier-Gourinchas, IMF's chief economist. Gonna tell him he doesn't know basic economics too? And left-leaning???

What was the argument you guys used again? Was it that I was left-leaning? Oh no, that's right, it was that I didn't know basic economics. But now that actual economists are saying the same thing I did, you've got to switch your attacks.

Did you really think I would be stupid enough to only quote left-leaning sources? And did you think I was a moron and wouldn't quote people with advanced degrees in economics? When you tell a guy he doesn't understand basic economics and he then quotes people with PhDs in economics, you're going to need more than "one of your links of the Guardian." It's a direct quote! From a right-leaning politician!!! And to say they were all "left-leaning"? How did you not look them up first before you opened your mouth? You didn't think for one second I knew the anti-Union crowd would latch on to it if I only quoted left-leaning, pro-Union sources? Really??? Man, you must feel so stupid now realizing that you assumed I was an idiot who wouldn't predict that and make sure I didn't fall into that trap. I can't believe you don't even check and just assumed. One of the economists I cited is a regular on Fox News! I'll leave it to you to figure out which one. Left-leaning, ha!

Omg. My belly hurts from laughing so much. Seriously. Thanks for the laugh and for proving that you have no idea what you're talking about. If anyone wasn't sure if you were a troll or not, they sure are now.

i do not know why your laughing
your premise that unionized employees somehow have a claim on corporate profits cements you as a loonie lefty
denying a wage inflationary spiral in order to justify your socialist ignorance is absurd

you flawed understanding of economics and business has been on display over multiple posts
the above is just more mouse dick blithering

now realizing that you assumed I was an idiot

i did not assume anything that has not been proven

 

[JohnLarue]

A pay raise below inflation when profits are up so much they increased the dividend 10% and executive bonuses 13.7% is indeed not being treated fairly.

a value judgement

And as I've shown above, people with PhDs in economics think businesses should be paying higher wages out of these profits and those wages won't increase inflation

if every company immunized their work force from inflation we would have hyperinflation
there is a reason the Bank of Canada and the Federal Reserve watch wage inflation very carefully.
you really do not have a clue

. But don't worry, the pro-business crowd will quickly tell us those economists need to study economics 101 and have no idea what CEOs deal with... Even though some of those economists have been CEOs. And then they won't be about to explain their position but won't admit that and instead just tell us it's too complicated to understand.

actually is quite simple to understand

1. wage growth is a very important component of inflation
2. unless you have equity in a company, you do not have a call on corporate profits
3. compensation is a function of the value added and not determined by the cost of a desired std of living

why you are incapable of understanding these fundamental facts is a question you have to ask yourself

 

[Darts]

Add dealing with politicians like Singh who think profits is a dirty word to the CEO list of stuff to manage. Singh and both Trudeaus never had to meet a payroll.

 

[DinkleMouse]

i do not know why your laughing
denying a wage inflationary spiral in order to justify your socialist ignorance is absurd

It's not just me denying it; it's PhDs in economics that are also rabid anti-socialists.

you flawed understanding of economics and business has been on display over multiple posts
the above is just more mouse dick blithering

Yes, my flawed understanding that I've quoted economists and bankers backing up? Keep repeating the same lines all you want. But if you really want anyone to think you know better than people with PhDs and MAs in economics that work in central banks and in policy analysis, then you're going to need to do more than just make troll comments like "mouse dick blithering" that don't even make sense.

i dunno why you guys bother trying to call me names. Do you really think the opinions of trolls on a forum are going to hurt my feelings? It just proves I've gotten under your skin and you've given up any pretence of being about to defend your position.

i did not assume anything that has not been proven

Oh? You've proven the head of ECB, the Chief Economist of IMF, and an economist regularly featured in Fox News are lefties? I missed where you did that. And you've proven the Think Tanks behind the Great Barrington Declaration and that want to privatize social security are leftists too? I also missed that!

Of course you don't know why I'm laughing.... You expect us to think you understand economics better than people that are literally leaders in the field controlling international fiscal policy.

 

[Frankfooter]

Add dealing with politicians like Singh who think profits is a dirty word to the CEO list of stuff to manage. Singh and both Trudeaus never had to meet a payroll.

Weren't you complaining about all the tent cities in other threads, darts?
Why is it you don't see any links between people working full time who need food banks and people forced to live in tents in parks?

 

[DinkleMouse]

if every company immunized their work force from inflation we would have hyperinflation
there is a reason the Bank of Canada and the Federal Reserve watch wage inflation very carefully.
you really do not have a clue

People with PhDs in Economics and former Central Bank directors disagree with your assessment and I quoted them. But I'm sure you know more about economics than they do. I assume you have 2 PhDs in economics?

actually is quite simple to understand

Apparently it isn't because I quote world leading economists and you still don't get it.

why you are incapable of understanding these fundamental facts is a question you have to ask yourself

Yes, me, doctors of economics and Central Bank directors are all incapable of understanding these fundamental facts about economics and money theory. Are you going to write to the IMF, the ECB and that "left-wing" think tank AIER to let them know they don't understand fundamental economic facts?

 

[explorerzip]

odd how a union is not required to implementing a strategic plan

the workers in this case are non-skilled & can be replaced
management prefers not to do that, however it all comes down to compensation for the value provided, not compensating to ensure a std of living

Then why haven't they replaced these non-skilled workers? Further, what's their plan to try and move people up the ranks to higher value work? That's not directed at you BTW, but it's something that all companies should think about. Like many large companies, Metro seems to wants to train and promote from within. On the other hand, are the part-time workers able to access those benefits?

do the union leaders work for Metro?
if they think along the same lines as mouse dick and believe employees are entitled to a claim on profits, they are doomed to failure

Of course the union leaders don't work for Metro, but that does raise the question on if they should have a hand in the strategic vision of the company. That brings up a boat load of different issues though like having non-employees have a say in operations and strategy, but it's still interesting to think about.

 

[Frankfooter]

Yes, me, doctors of economics and Central Bank directors are all incapable of understanding these fundamental facts about economics and money theory. Are you going to write to the IMF, the ECB and that "left-wing" think tank AIER to let them know they don't understand fundamental economic facts?

Just like all of NASA, NOAA and the IPCC are totally understanding the basics of the larue theory of CO2 and IR absorbtion.
We have an iconoclastic genius on this board and the world just isn't ready.
Code name Cliff Clavin and Mr Science.

 

[DinkleMouse]

Just like all of NASA, NOAA and the IPCC are totally understanding the basics of the larue theory of CO2 and IR absorbtion.
We have an iconoclastic genius on this board and the world just isn't ready.
Code name Cliff Clavin and Mr Science.

NASA is incidentally another government agency that "left-wing think tank" Cato Institute things should be privatized.

 

[JohnLarue]

Then why haven't they replaced these non-skilled workers?

unions would cause a fight
why have these non-skilled workers not found a better paying job?
they are free agents able to resign at any time

Further, what's their plan to try and move people up the ranks to higher value work?

no doubt, apply within, with your newly upgraded skill sets
much preferable to 'give me more $ or we will shut your operations down and drive your customers away with a strike'

That's not directed at you BTW, but it's something that all companies should think about. Like many large companies, Metro seems to wants to train and promote from within. On the other hand, are the part-time workers able to access those benefits?

if you are a business owner will you invest thousands $ to upgrade a part-time workers skills?
likely not

Of course the union leaders don't work for Metro, but that does raise the question on if they should have a hand in the strategic vision of the company.

Absolutely not
union objectives are not aligned with the employers/ shareholders objectives
union leaders have zero skin in the game
union leaders assume no risk or responsibility for the success of the vison

That brings up a boat load of different issues though like having non-employees have a say in operations and strategy, but it's still interesting to think about.

what is there to think about?
that is a non-starter

 

[JohnLarue]

People with PhDs in Economics and former Central Bank directors disagree with your assessment and I quoted them. But I'm sure you know more about economics than they do. I assume you have 2 PhDs in economics?

yeah ok
the Bank of Canada and the Federal Reserve disagree with your nonsense

any lunatic can put forth an economic theory ,

Apparently it isn't because I quote world leading economists and you still don't get it.

i will go with Bank of Canada and the Federal Reserve

Yes, me, doctors of economics and Central Bank directors are all incapable of understanding these fundamental facts about economics and money theory. Are you going to write to the IMF, the ECB and that "left-wing" think tank AIER to let them know they don't understand fundamental economic facts?

more importantly are you going to write to the the Bank of Canada and the Federal Reserve and tell them they are wrong about wage inflation, because you read some quacks paper and you know its just not right for profitable companies not to pay non-skilled employees a wage sufficient to have a predetermined std of living?

Better yet, drive to Ottawa, kick in the doors of the head of the Bank of Canada and demand he hears the economic theories of the mouse dick.

 

[JohnLarue]

It's not just me denying it; it's PhDs in economics that are also rabid anti-socialists.

yeah socialism is like a bad virus
kills brain cells

Yes, my flawed understanding that I've quoted economists and bankers backing up? Keep repeating the same lines all you want. But if you really want anyone to think you know better than people with PhDs and MAs in economics that work in central banks and in policy analysis, then you're going to need to do more than just make troll comments like "mouse dick blithering" that don't even make sense.

appeal to your socialist authority all you want, immunizing the work force will cause hyper inflation

i dunno why you guys bother trying to call me names. Do you really think the opinions of trolls on a forum are going to hurt my feelings? It just proves I've gotten under your skin and you've given up any pretence of being about to defend your position.

you dunno?

"defend your position." ???

you are the one who claims every single profitable business' should abandon cost control and pay what you define as a std of living
you are the one proposing a foolish and irresponsible departure from the way the real world works

if you have gotten under anyone's skin, it is more likely bewilderment , that our education system could have failed you so miserably

Of course you don't know why I'm laughing.... You expect us to think you understand economics better than people that are literally leaders in the field controlling international fiscal policy.

no i suspect you have mis-understood these quacks
i understand economics better than you and that is what counts

go get your self educated... properly

 

[Frankfooter]

you are the one who claims every single profitable business' should abandon cost control and pay what you define as a std of living

Which means larue would be all for child labour, indentured workers, 7 day working weeks, no breaks and anything else that would make more money for the rich.

 

[Frankfooter]

Why aren't the workers at Loblaws on strike?? Loblaws made record profits, as well.

That contract isn't up for renewal just yet.

 

[JohnLarue]

Why aren't the workers at Loblaws on strike?? Loblaws made record profits, as well.

it would not surprise me if mouse dick was a teenage part time shelf stocker @ Metro posting to the naughty site when his mom was not looking

 

[Frankfooter]

yeah socialism is like a bad virus
kills brain cells

If you're not a billionaire why would you support late stage capitalism?
Is that just your fantasy that some day you could get a CEO gig?

 

[DinkleMouse]

yeah socialism is like a bad virus
kills brain cells

Doctors of economics pushing far right views and running think tanks which espouse far-right views are now socialist.

no i suspect you have mis-understood these quacks
i understand economics better than you and that is what counts

go get your self educated... properly

The irony of this bit. I love it.

 

[JohnLarue]

Doctors of economics pushing far right views and running think tanks which espouse far-right views are now socialist.


The irony of this bit. I love it.

• no the irony is you are pushing an agenda that is counter to the proven successful business model and yet you are outraged by criticism of such foolishness
• the irony is inflation is the driver of the strike and yet your solution would drive hyper inflation
• the irony is you quote some radical ideal wage growth is not a driver of inflation despite the position of the BofC and the Federal Reserve that wage growth is a driver of inflation & you somehow think mentioning Phd overrides accepted conventional wisdom on the issue
• 
  
• the other ironic issue is you pretending you are not a loonie left socialist, as only a loonie left socialist would believe unionized employees with zero equity would have a claim on corporate profits
• please explain this in the context of ownership and property rights ?
  • does the teenager who cuts the grass and washes the windows of a rental property for an hourly rate also have a claim on rental profits ?
  • the irony is you quoting Doctors of economics, when you do not understand / respect property rights / ownership

go get your self educated... properly

 

[DinkleMouse]

• no the irony is you are pushing an agenda that is counter to the proven successful business model and yet you are outraged by criticism of such foolishness

I literally can't stop laughing while you huff and puff and call me names and accuse far-right wbackadoos of being socialists. I'm likely the opposite of outraged, but I think you're projecting.

• the irony is inflation is the driver of the strike and yet your solution would drive hyper inflation

What was it you said? "Anyone can propose a theory!"? This theory you're pushing has existed since the 60s, and despite wages actually outstripping inflation ever since, we've yet to see a single example of it causing hyperinflation. It's literally a debunked theory that no real economist believes. Even BoC and the Fed aren't taking about wage push spiral and hyperinflation. You're it, and I'm pretty sure you're not an economist.

• the irony is you quote some radical ideal wage growth is not a driver of inflation despite the position of the BofC and the Federal Reserve that wage growth is a driver of inflation & you somehow think mentioning Phd overrides accepted conventional wisdom on the issue

Lol That's not at all what I said. I quoted economists with PhDs saying it has minimal effect on inflation and actually can boost the economy when wages are increased to the lowest income earners.

• the other ironic issue is you pretending you are not a loonie left socialist, as only a loonie left socialist would believe unionized employees with zero equity would have a claim on corporate profits

You might want to read some actual economics books. Might I suggest you start with Wealth of Nations by Adam Smith. Unless you think the father of modern capitalism is a socialist too.

• please explain this in the context of ownership and property rights ?
  • does the teenager who cuts the grass and washes the windows of a rental property for an hourly rate also have a claim on rental profits ?
  • the irony is you quoting Doctors of economics, when you do not understand / respect property rights / ownership

That's the most insane tangent I've ever heard. A better question is I used to mow lawns for $1. You're suggesting that's still what teenagers should get paid, or they've caused runaway hyperinflation. Pretty sure that hasn't happened. So what's the deal? Why hasn't your predication come true?

go get your self educated... properly

I mean, you struggle with capitalization, punctuation, and spacing. You clearly haven't written many essays in your life. That was what I was pointing out as ironic. Flew right over your head, just like how you assumed I would only quote pro-Union socialists without realizing I was literally quoting the very far-right originators of the Great Barrington Declaration.

The hilarity. And you just keep going, delivering hits after hits.