Cost-of-living adjustments (COLAs) are a bad thing for an economy because it only serves to redistribute incomes, perpetuates inflation conditions by allowing real income to grow unnecessarily, and makes workers who do not have COLA’s worse off.
this is what the question is about so read this first thanks
2006-09-13 15:01:29 · 5 answers · asked by tacoiscool 1 in Business & Finance ➔ Other - Business & Finance
Disagree - COLA (I used to get it, years back during my Chrysler days) was a very small percentage of my income, and went up marginally - union contracts with built in increases are bad for companies when times are bad, because it doesn't allow them to cut costs, but are ok when times are good, because there is excess capital.
When real income stops growing, you have stagflation, which is worse than inflation.
The fact that some have COLA and some do not is a moot point - just like some unionized and some non-unionized is a moot point - if the balance tips too far in one direction, the market will move towards it. Case in point, most companies used to have defined benefit pension programs - now too expensive, most have defined contribution programs - the market will move when the cost becomes too high / painful.
2006-09-13 15:06:44 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Take Our FREE TOUR and Learn How YOU Can Earn an Extra $1,092 From Home in the Next 30 Days…
•Learn how to create 7 different streams of residual income!
•Get instant access to the secrets and strategies of some of the most successful business minds in the world!
•Position yourself in front of two of the fastest growing business trends in history!
•See how average people are FINALLY achieving true wealth with our proven step-by-step system to success!
•Be one of the first to learn about this powerful opportunity, just complete the form on the right….
Simply fill out the form below and you’ll discover how you can start making money around the clock.
There is no obligation to join and the tour is completely FREE!
http://tschoi.ProWealthResults.com
http://tschoi.ProWealthSuccess.com
First Name, Last Name, Email, Phone no., that is all you need.
And then click “Click Here Now For Access”
The KEY to Generating MULTIPLE STREAMS OF INCOME from Home!
“Finally! A System That Combines the Wealth Generation Secrets of the Pros with the Most Powerful Compensation Plan in the Industry!"
Have a good time, Thank you.
2006-09-13 15:06:39 · answer #2 · answered by kingslave 2 · 0⤊ 1⤋
yes
2006-09-13 15:06:05 · answer #3 · answered by obleterashon 1 · 0⤊ 0⤋
agree
2006-09-13 15:10:17 · answer #4 · answered by Josh S 7 · 0⤊ 0⤋
no
2006-09-13 15:09:59 · answer #5 · answered by Anonymous · 0⤊ 0⤋