'Union' Now 'the U-Word' in the South
CHARLOTTE, N.C. (TheStreet) -- It is not a good time for unions. In some regions, such as ours, "union" has become "the U-word."
This may come as a surprise, but here in the South, we actually have unions, and some locals have thousands of members. Some have been here for a century.
These are little-known facts, perhaps overshadowed by the rhetoric of our leaders.
![]() |
| Boeing Co. machinists picket Tuesday, Sept. 16, 2008, at a gate to Boeing's giant production plant in Everett, Wash. |
These leaders seem to hate labor. They proclaim, at every turn, that unions do harm. Sometimes, it seems that a region that once turned its wrath on minorities (but no longer does) has simply rechanneled the hatred.
For instance, South Carolina Governor Nikki Haley had this to say in a recent Wall Street Journal column: "As is often the case, a win for people and businesses is a loss for the labor unions, which rely on coercion, bullying and undue political influence to stay afloat." Sen. Jim DeMint (R., S.C.), on Coffee and Markets, a conservative podcast, said that President Obama stocked the National Labor Relations Board "with union thugs." And in a recent column in The Washington Post, House Majority Leader Eric Cantor, from Virginia, said that President Obama is "fueled by efforts to incite class warfare." By the way, it has long been said that North Carolina is a valley of humility between two mountains of conceit -- which perhaps helps to explain the language of our neighbors to the north and south. Certainly, their views reflect the intense competition between states for manufacturing jobs, combined with the Republican Party's longstanding conflict with organized labor. So maybe the rhetoric is just excessive, like the coverage of Hurricane Irene. Maybe it is one more sign that we live in an over-the-top society, one where we must demonize and exaggerate to get attention. Or maybe, nothing at all has changed in South Carolina, which 150 years ago declared war on the United States and in parts of Virginia, site of the second Confederate capital. The Federal Law Questioned by S.C. In South Carolina, it seems that every once in a while the politicians elect to drive the train off the tracks by asserting that federal law has no relevance to them. On this Labor Day, the federal law in question is the National Labor Relations Act. It took effect in 1935 and protects the right to strike. As a corollary, it prevents companies from moving work in retaliation for labor actions. Surely, our leaders would agree that unions have the right to strike, not because strikes are good, but because the alternative would be to deny this basic right.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
