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SportTrac Discussion
Engine & Drivetrain
The Law of Supply and Demand At Work
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<blockquote data-quote="Tom Schindler" data-source="post: 565275" data-attributes="member: 56140"><p>OPEC does not bargin the prices until both parties are happy. OPEC does not set the price under a contract for the next 4 or 5 years.</p><p></p><p></p><p></p><p>A union does that. We set a price for our wages. We work at those wages no matter what happens. If the price of milk goes from $2.00 a gallon to $10,00 a gallon, we still get our negotiated wages. If the price of everything goes up 10 times overnight, we are set to work at that rate. If everyworker out there gets a 50% raise, we get our negotiated rate. Nothing more, nothing less.</p><p></p><p></p><p></p><p>We can't do "less work" and demand more money. OPEC can. They dictate the price. They pump less oil and the price goes up. They sell less oil and make more money. We, as a union, are unable to do that.</p><p></p><p></p><p></p><p></p><p></p><p>Tom</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 565275, member: 56140"] OPEC does not bargin the prices until both parties are happy. OPEC does not set the price under a contract for the next 4 or 5 years. A union does that. We set a price for our wages. We work at those wages no matter what happens. If the price of milk goes from $2.00 a gallon to $10,00 a gallon, we still get our negotiated wages. If the price of everything goes up 10 times overnight, we are set to work at that rate. If everyworker out there gets a 50% raise, we get our negotiated rate. Nothing more, nothing less. We can't do "less work" and demand more money. OPEC can. They dictate the price. They pump less oil and the price goes up. They sell less oil and make more money. We, as a union, are unable to do that. Tom [/QUOTE]
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SportTrac Discussion
Engine & Drivetrain
The Law of Supply and Demand At Work
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