Labor Unions Cause Price Inflation?

“Do Labor Unions Cause Price Inflation?” – Dr. North

Yes, in my opinion, I do believe government labor unions do in fact cause price inflation. A labor union is an organization of workers dedicated to protecting their interest and improving wages, hours and working conditions. Unions represent many professions.

Unions demanding higher wages with less working hours will only cause a company to raise prices on their product/services. The business will then need to cover the costs that the labor unions have levied upon them. This can drive prices up for the consumer. The government should not get involved at all, but sadly it forces businesses to submit to the people, demanding things that the business can not undertake. The business may even collapse.

So, in closing I want to be clear that there are other reasons for price inflation, but for the purpose of my paper I focused on labor unions.

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What Tariffs Actually Do

“Does a tariff on imports also reduce exports?” – Dr. North

Tariffs are taxes that the government instituted to be paid on imports to “protect” us from foreign competition. They restrain us from purchasing imported goods/services that we want. It makes goods/services more expensive for the consumer.

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Pro-tect-tion-ism

noun

The theory or practice of shielding a country’s domestic industries from foreign competition by taxing imports. 

Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity. – Walter Block

Tariffs will definitely reduce exports. People in foreign countries paying these tariffs will not have as much money to buy our exported goods. In turn you will not have as much money to buy their goods. When this happens no one is getting what they want but the government.

It is also important to note here that tariffs will cause a decrease in competition thereby causing a decrease in quality of product. When there are less people to sell to it only makes sense that product standards will go down because companies feel less threatened. When the product is less available and we do not have many options we will pay a higher price for a poorly made item.

Competition = Better Goods

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“Would you pay 20% more to shop at a store that sells only American-made goods?”

To answer this question it would depend on what I am looking to buy, the quality of the good and who has the best price. I am going to buy what is best for me as the customer. Whoever can produce the best good for me will get my money. I am not going to limit myself from only buying in America if I can get what I want elsewhere.

I think we need to get rid of tariffs. I have read that countries with low tariffs are more prosperous than countries that have high tariffs. In the same article it stated that people who embrace free trade have higher incomes than the countries whose people do not. Tariffs also bring down the quality in products because it eliminates competition. Competition is good. When businesses compete with one another they are competing over who can make the best goods for the customers. Lazy workers like tariffs.

“We shouldn’t be putting tariffs on anything. That hurts working men and women in the U.S. What we should be doing is making our manufacturing more competitive.” – Rick Santorun

So going back to the original question I will buy what is best for myself. Having more choices available by means of free trade would be the best scenario.

 

 

Time vs. Money

When do I prefer first come, first served over high bid wins?  There are so many variables here. In the free market it should be up to the seller and the customer to figure out how they want to make a deal.

I think first come, first served would be preferred by me when standing in lines at department stores, grocery stores, gas stations, etc. Also, if I am going to an event, park, or concert and I can buy my ticket online ahead of time that would allow me to bypass the ticket sale line that day then I would certainly do this.

High bid wins has a place though. Online auction sites like eBay and auto auctions are some good examples. Now, also to be considered here are fast lane passes which are offered by some parks like Carowinds in Charlotte, North Carolina. These passes cost more money which allows you to get on the ride much quicker. This means I get to enjoy more rides in the amount of time I spend at the park. Sometimes in life your time is worth more than your money.

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Government Money – Government Decides

“Is a tax-supported school different in principle from a tax-supported church?”

Whenever an entity is tax-supported that means it is receiving tax dollars that people have paid to the government, thereby relinquishing control of itself. If the entity is the school that means their curriculum has to follow guidelines that they may or may not agree with. So, if the the government tells a school to teach the Theory of Evolution as fact the school must do so. The teachers and parents do not have any say in what is taught. Their rights are lost and they have to oblige.

Now lets take a look at a church that accepts tax money. Whether we are talking about a priest, rabbi, or a pastor if they are receiving money from the same resource (government) they might have to all preach the same thing.

Basically, surrendering your core principles and beliefs by accepting tax-funded dollars has the same fundamental consequences. Whether you are a pastor or a teacher your choices are controlled and regulated. My answer to the question assigned by Mr. North is a resounding no.

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“The hand that controls the supper dish rules the world!”Charles M Schulz

Email for Why You Should Hire Me

For the purpose of this economic assignment I will choose a local business I would like to work at once I get my drivers license. The money earned would be used for my online business that I will be starting.

To: UptownCheapskates@gmail.com

From: Donni.Hulbert@gmail.com

Subject: Job Application

Dear Miss Jones,

I would like to take this opportunity to explain why I would like to work at your store. First of all, as a customer I love your store. It feels good to buy popular clothing brands at reduced prices. I would love to help people realize the great finds at these types of stores. For this reason alone I would be energetic and upbeat.

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Please see the attached link of my specific strengths that I could bring to your business. https://donnihulbert.wordpress.com/2016/11/05/benefits-to-hiring-me/

Thank you for your consideration.

Donni Hulbert

Benefits to Hiring Me

This is my list of traits that I believe would make someone want to hire me.

  1. Dependability – I will always show up to work on time and not miss days.
  2. Organized – I believe everything has a place and everything should be in its place.
  3. Hardworking – I will go above and beyond of what is expected from me.
  4. Flexible – I am home-schooled so I could be available when needed.
  5. Creative – Trying to find new ways to improve my work.
  6. Eager to Learn – I am willing to learn new things and take on new responsibilities.
  7. Honest – I have core principles and values that I would never compromise.
  8. Strategist – I set goals and make a plan on how to achieve them.