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Bill: Workers Are CONSUMERS Act of 2459

Details

Submitted by[?]: Capitalist Working Families

Status[?]: passed

Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: November 2459

Description[?]:


This bill seeks to restore financial sanity to our Nation's Labor Laws by guaranteeing that Workers have a INALIENABLE right to organize and collectively bargain with their employers for a JUST & EQUITABLE wage.

The Classical Wage theory in Economics is WRONG!!! It states that as the wages of employees increases, the DEMAND for labor decreases in an "inverse relationship" thus causing unemployment.

However, this is all true only in THEORY and I would even concede in the SHORT-term. However, in the long term it is FURTHER from the truth. Workers are NOT going to take those extra increases in their paycheck to invest them in Swiss Bank accounts or go to the Bahamas.

Rather, they are going to take that money go to the MALL (Wal-Mart, etc.) and SPEND, SPEND, SPEND in the economy thus making the employers RICHER.

Next, proponents of this THEORY contend that since labor represents a cost to the employer, this would in turn cause a rise in INFLATION (prices go up). However, this is not true b/c once Demand exceeds the Supply, the "Invisible Hand" of the Free Market (that Adam Smith eloquently preaches about) will cause the employers to increase SUPPLY thus creating equilibruim in the economy w/o unemployment and inflation.

Sources? In 1944, when the unionization of workers was at its PEAK at 44% (in the U.S.), the unemployment rate was at its LOWEST point in history at 1.2% plus inflation was literally NON-existent (mostly b/c the Nation's money supply was linked to GOLD).

The reason--as dictated by common sense--is that while this labor costs increases the burden on the employer, the already wealthy corporation would just ABSORB the higher costs in order to keep its company's prices at a COMPETITIVE rate in the market.

Proposals

Debate

These messages have been posted to debate on this bill:

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Voting

Vote Seats
yes
     

Total Seats: 495

no

    Total Seats: 0

    abstain
       

    Total Seats: 255


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