By focusing on management, the media ignores the real issue: the amount Verizon customers pay for the service.
What Verizon customers pay is more relevant to the pay and benefits of Verizon employees than any other factor. By ignoring this fact, the media created a fantasy world of virtuous unions and evil corporations.
In the first video, the reporter says that the employees assert that “they have rights.” That is such nonsense! If the employees do not have a right to prohibit Verizon customers from dropping their landline altogether or from switching to another provider, then they cannot have any other rights regarding their own pay.
In the second video, we are told that the striking employees are already averaging an annual salary of $130,000. They are striking because the company is so selfish that it offered them merely a 6.5% raise. That means they would only make $8,450 more a year on average!
We’re supposed to sympathize with people who are striking because more than $704 a month is too little additional income.
What the news show should have done, when it interviewed those customers worried about being inconvenienced, is ask them how much more they would be willing to pay for their landline to support these union employees in the standard of living that they claim is their “right.”
Peter Schiff once illustrated this point with Walmart a few years ago:
If Verizon caves, we know what is coming next. We have witnessed it in the case of the auto industry. They will go bankrupt at some point, and the government will claim that taxpayers must bail them out. This is how we will become practically more socialist while not admitting it.
And these union victories will come with higher prices, higher taxes, and deteriorating services. In other words, despite a nominal raise in wages we will see an inevitable decline in the average standard of living.
Sadly, it looks like people will then blame “corporate greed” for their worsening circumstances. Anyone who points to economic reality just triggers rage in people. (See video below.)