Smithfield Packing, union agree on NC contract
TAR HEEL, N.C. — Smithfield Packing Co. and a union that worked for years to organize a huge North Carolina slaughterhouse say they have agreed on their first contract for the plant.
I have not yet taken the time to check and see if Smithfield Packing is a publicly traded company or not, but I am sure that the value of this company just took a 10% hit. Not only that, but employment in the company went down today as well.
I repeat, there is nothing, not ONE thing that is good about unionization within a company. Unless, of course, you are a Union official.
Unions effectively tax … [company] investments by negotiating higher wages for their members, thus lowering profits. Unionized companies respond to this union tax by reducing investment. Less investment makes unionized companies less competitive.
And a less competetive company is a company that is not as valuable as a more competitive compant. If you need further proof that Unionization is a bad thing, take a look at the States with the highest unemployment rates and see how many of them are Union states and how many are right to work.
Heck, I’ll save ya the time:
|1||Nebraska||Right to Work|
|2||North Dakota||Right to Work|
|3||South Dakota||Right to Work|
|4||Wyoming||Right to Work|
|5||Utah||Right to Work|
|6||Iowa||Right to Work|
|8||Oklahoma||Right to Work|
|9||New Hampshire||Forced Union|
|10||New Mexico||Forced Union|
|43||Tennessee||Right to Work|
|45||North Carolina||Right to Work|
|46||Nevada||Right to Work|
|48||South Carolina||Right to Work|
Interesting list, huh?