nsacpi
Expects Yuge Games
you're more than welcome
Economics Thread
- Thread starter sturg33
- Start date
you're more than welcome
chop2chip
Well-known member
No one should be questioning the health of employment as of this right now. Far more positive data points than not.
Inflation is the only thing that matters at the moment (or at least until the Fed destroys demand).There’s been some positive news on the inflation side the last week. Hope it continues.
I still think we are heading towards a recession (and likely in a technical recession right now).
nsacpi
Expects Yuge Games
probably slightly positive
sturg33
I
****
acesfull86
Well-known member
For ****s sake
cajunrevenge
Well-known member
It would be nice if either side could nominate a smart person.
Tapate50
Well-known member
Holy ****
acesfull86
Well-known member
https://pubsonline.informs.org/doi/10.1287/mnsc.2021.4082
In this paper, we study the impact of labor unions on product quality failures. We use a product recall as our measure of quality failure because it is an objective metric that is applicable to a broad cross-section of industries. Our analysis employs a union panel setting and close union elections in a regression discontinuity design framework to overcome identification issues. In the panel regressions, we find that firms that are unionized and those that have higher unionization rates experience a greater frequency of quality failures. The results obtain even at a more granular establishment level in a subsample in which we can identify the manufacturing establishment associated with the recalled product. When comparing firms in close elections, we find that firms with close union wins are followed by significantly worse product quality outcomes than those with close union losses. These results are amplified in non–right-to-work states, where unions have a relatively greater influence on the workforce. We find that unionization increases firms’ costs and operating leverage and, consequently, crowds out investments that potentially impact quality. We also find some suggestive evidence that unions may compromise quality by hurting employee morale and by resisting technological upgrades in the firm. Overall, our results suggest that unions have an adverse impact on product recalls, and thus, product quality is an important dimension along which unions impact businesses.
In this paper, we study the impact of labor unions on product quality failures. We use a product recall as our measure of quality failure because it is an objective metric that is applicable to a broad cross-section of industries. Our analysis employs a union panel setting and close union elections in a regression discontinuity design framework to overcome identification issues. In the panel regressions, we find that firms that are unionized and those that have higher unionization rates experience a greater frequency of quality failures. The results obtain even at a more granular establishment level in a subsample in which we can identify the manufacturing establishment associated with the recalled product. When comparing firms in close elections, we find that firms with close union wins are followed by significantly worse product quality outcomes than those with close union losses. These results are amplified in non–right-to-work states, where unions have a relatively greater influence on the workforce. We find that unionization increases firms’ costs and operating leverage and, consequently, crowds out investments that potentially impact quality. We also find some suggestive evidence that unions may compromise quality by hurting employee morale and by resisting technological upgrades in the firm. Overall, our results suggest that unions have an adverse impact on product recalls, and thus, product quality is an important dimension along which unions impact businesses.
chop2chip
Well-known member
Tackling what? You’ve just become a Twitter repost feed. I’ll be interested to engage if you articulate your thoughts.
Tackling the fact that the traditional adherence to 'Free-Markets' at all costs is destroying the middle class. My thoughts have been very clear on this topic throughout the years.
1. Completely decouple from China despite the pain. As a nation we cannot enrich a tyrannical communist government.
2. Restrict companies from becoming monopolies and making barrier for entry for small business impossible. I would implement something to the effect of restricting the amount of franchises that could be open by state so that smaller towns are not completely gutted because Home Depot and Walmart force all small business to close down. This would also have to include some form of restriction on online delivery as well. Since Amazon owns that space there has to be larger consideration to the damages that they are doing across the country.
3. Encourage family building by removing all income tax for people that make less than 500K as a married couple.
These are just small points that could help change the tide and give the middle class a chance again in this world.
What say you?
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Used to be? Look around man - Wealth inequality has spiked like crazy because we let businesses get to big and now they are in effect the government.
As I always say....In a VACUUM free-markets is the best system. That is not the world we live in though as human greed and straight evil (CCP) are major players in the system.
sturg33
I
We are not in a free market system today, as I have explained to you 100 times