Labor Unions Kill the Twinkie and 18,000 Jobs

The idea of a living wage is unworkable. A businesses customers are only willing to pay so much for a product. If the cost of producing that product goes up too quickly then the customers will stop buying and the company will go under and then nobody will have a job. Better to have a job making less than you would like than no job at all.

Joseph, would you work for $10.00 per hour? This is what these employees would make after the second bankruptcy. There is a point of diminishing returns. Remember these employees were making $45,000 in 2005. I get your point about customers stop buying at a certain price point. It would be better to have a job, I agree, but these workers find that they can get more on unemployment while they look for another job. I wish this were not the case but it is. I blame management for ruining the company. I mean two bankruptcies within 7 years. It can't be all about wages paid to the employees. Other companies making similar products are able to make a profit with the same union workers. Just saying.