The Impact of Unions

[newwurldmn]

One less competitor in this market...

https://www.cnn.com/2023/07/31/business/yellow-corp-closing/index.html

Think of all those union jobs that are gone.

 

[Robert Morse]

I know you are a business owner, so it is easy to blame the Union, but it looks to be like YELL has been poorly managed and over leveraged for years. I would not blame the Union on this one.

 

[VicBee]

What about GM? The government keeps flooding that company with cash to feed blue collar, middle class income union labor... Should have shut down a decade ago.

 

[newwurldmn]

I know you are a business owner, so it is easy to blame the Union, but it looks to be like YELL has been poorly managed and over leveraged for years. I would not blame the Union on this one.

As the article states, all the Unionized LTL companies are now gone. So while mis-management and over leverage probably contributed, other companies I think are doing okay (like XPO).

 

[SunTrader]

How about all the non-union equally mismanaged companies that have come and gone over time.

Some only look for confirmation of their biased, slanted view.

 

[maxinger]

Yellow was about $500 in 2003.
Now it is almost zero.
Must be a poorly managed company.
So don't blame the union.

Its competitors probably doing well.

 

[murray t turtle]

One less competitor in this market...

https://www.cnn.com/2023/07/31/business/yellow-corp-closing/index.html

Think of all those union jobs that are gone.

%%
A positive= less union workers.
Police unions maybe a good thing with spineless mayors.

 

[notagain]

Blame the 30,000 workers for trying to escape poverty.
Trucking margins were cut to nothing, business model was not viable in "today's situation".

 

[newwurldmn]

How about all the non-union equally mismanaged companies that have come and gone over time.

Some only look for confirmation of their biased, slanted view.

As the article states, all three union run trucking companies are done. So maybe the causation is: union run companies are mismanaged because they can’t keep their costs in line.

 

[newwurldmn]

Blame the 30,000 workers for trying to escape poverty.
Trucking margins were cut to nothing, business model was not viable in "today's situation".

well they are now unemployed and as a populist tax payer im sure you are thrilled to be paying their unemployment.