Labor Party Beliefs

I will split this into three parts. Labor Unions. The Minimum Wage. Labor "Laws". Point 1 (Labor Unions): Labor Unions have been unnecessary since day one, but now, they are completely unnecessary, and are just hurting the economy and preventing new jobs from being created. Problem One with the Unions: They hurt the economy. How are labor unions bad for the economy? Simple. Labor Unions make companies raise the wage and they prevent workers from working. When the labor unions make companies raise wages, that cuts into their profit which they were going to re-invest into the business. "By increasing the average wage and benefit package above the natural market level, unions adversely affect the profit margins of the businesses and industries they affect The effects of unions have been known to be particularly significant for smaller businesses, which tend to have smaller profit margins. By contributing to increased labor costs and decreased profitability, unions can also slow the growth of businesses, and eventually industries as a whole.": http://www.ehow.com.... This profit margin is necessary to repair equipment, expand (thus hiring more), and other business wants. Problem 2: Labor Unions increase unemployment. In the same manner mentioned above, when labor unions ask for a higher wage, that puts a bigger strain on the profit margin, which means that they are less able to pay wages, and thus, they lay off. It also prevents expanding, which would hire more people. Not to mention, the unions restrict the number of workers who can work that job. "By restricting the number of eligible workers in an industry, unions essentially decrease the labor supply, shifting the labor supply curve upward. As a result, the existence of unions increases the average wage above the level that would naturally occur in the market. Yet the intersection of the new labor supply and demand curves also occurs at a lower employment level. Thus, there is a higher level of unemployment, as essentially businesses can afford to hire fewer workers at the elevated wage.": http://www.ehow.com.... "Economic theory consequently suggests that unions raise the wages of their members at the cost of lower profits and fewer jobs, that lower profits cause businesses to invest less, and that unions have a smaller effect in competitive markets (where a union cannot obtain a monopoly).": http://omegahrsolutions.com.... Problem 3: The reward sloth and penalize hard work. They advocate for the equality of wages in the business. This means that the lazy workers (who are mostly unionized) get the same wages as hard working workers (who are generally not unionized). This is unfair. Why? Because someone who works should get more money than someone who does not work. "They suppress the wages of more productive workers and raise the wages of the less competent. Unions redistribute wealth between workers. Everyone gets the same seniority-based raise regardless of how much or little he contributes, and this reduces wage inequality in unionized companies… But this increased equality comes at a cost to employers. Often, the best workers will not work under union contracts that put a cap on their wages, so union firms have difficulty attracting and retaining top employees.": http://omegahrsolutions.com.... Problem 4: They are costing tax dollars. So we have to pay them to do a screwy job. Sound unfair? "In other words, the Democratic Party and the unions are engaged in an open conspiracy to defraud the American taxpayer. There's no way that the American people should allow that to continue.": http://townhall.com.... Point 2 (The Minimum Wage): Problem 1: The Minimum Wage is bad for the economy. Why? Because companies are required to pay their employees a certain wage, which eats into profits. But it is unnecessary because in Capitalism, the employee shops around for jobs and the highest wage. So the minimum wage is both bad and unnecessary. "If government could raise the real wages of millions of Americans by merely passing a law announcing that fact, then why stop at $3.35 per hour, or $4.65, or even $107 Isn't $500 per hour more compassionate than $50?""The net loss to society that results from this sweeping act of "wrongful discharge" is staggering. Those losses include: (1) The loss of employment to the individual himself, (2) the shrinking of the economic pie by the loss of his productive contribution, (3) the financial loss to society in supporting him in his idleness (unemployment compensation, welfare, etc.), (4) the financial loss in funding useless job training programs and other government efforts to get him re-employed, and (5) the net loss to society in having consumer prices driven up to cover the higher labor costs, and the loss of market share to foreign competition that may occur.": http://www.thefreemanonline.org.... Problem 2: It raises unemployment. "Advocates of a minimum wage hike ignore the evidence that it increases unemployment among the least productive workers: unskilled teenagers whose employment opportunities are limited. This is unfortunate, because low wage jobs are the first rung on the economic ladder of success for workers entering the labor force. When we cut off the bottom rung by increasing the minimum wage, we keep youngsters from making the transition to work.": http://www.ncpa.org.... The minimum wage, like labor unions, just rewards sloth because the minimum wage effects all emplyees. Including the sloth ones. This sort of legislation kills the economy. Point 3 (Labor Laws): Problem 1: Again, they are bad for the economy. These things are a little more necessary than the top two, but they have overstepped their bounds on countless occasions. All they do is just restrict output and productivity, which of course would help the economy and business. "Nonunion firms are despised by unions because they are able to make more efficient use of labor without the union's wasteful work rules, and thus often underbid unionized firms.""Is it right for any group to use (or abuse) governmental processes to injure or destroy competitors? Isn't it wrong to use the law as a sword to impose ruinous costs on rivals just because you can get away with it? The unions would scream if their opponents used the same might makes right tactics against them, but philosophical consistency cannot be expected from statists.": http://www.thefreemanonline.org.... The Child Labor Laws: These are unnecessary in this day in age. Companies can not take advantage of anyone anymore. Shouldn't a child be able to work for a wage if the child wants to? If he can do it and wants to, why stop him? Restrictions on laws: These restriction repeals would greatly help the economy, would free up millions of dollars for businesses, would increase productivity, and would provide a fair balance of wages where employees are paid based on their performance and senority instead of on unionization.