Unstable economy due to strikes
In this beautiful country, South Africa, our unstable economy is the result of unions being alowed by government to have autonomy to rule that workers are forced to strike. Most of these workers, if not all, can not afford to loose pay due to strikes, but they fear for their lives if they dare to pitch up for work. It is common knowledge that workers are intimidated during strike periods. Even murdered.
Members of the unions are mostly unschooled and low skilled people, who are easily convinced by people who drive huge shining expensive cars and live in luxurious homes, but they don’t realise it is their money, their membership fees that paid for all that. None of those union executives, go without food, electricity, warmth in die winter or any other necessities, ever.
When hunger strikes as a result of loss of income, resultant from the strike, it is always NGO’s and charities that have to step in to feed the people. Why don’t the union, from their funds, feed their members? They rather feed them lies to create racism and anger and more poverty!
Unstable economy leads to Investor doubt
The question is: ‘would you invest your money in any company that could be affected by strikes to the point where production comes to a complete standstill?’
Strikers don’t understand that higher salaries is the cause for lower profits, higher food prices, higher costs of production, increasing the price of the products produced. It is a never ending spiral. This causes our rand to fall against the dollar, the pound and the euro, which increases the costs of imports and unfortunately SA has to import many products that isn’t produced locally. The share price of the company with striking workers automatically fall and the potential investor looses interest and turns away. Can you blame him? No! The result: the present unstable economy becomes more off-balance and the spiral continues deeper into the dark pit.
Another consequence of higher salaries are that employers are forced to reduce their employees and even close up shop. An increase in unemployment is inevitable. Increased unemployment results in increased crime. Increased crime results in higher costs to secure property as well as decreased tourists to come and spend their valuable pounds and dollars in our country.
Is it clear yet? Let me spell it out! Strikes are causing the present unstable economy.
Experiencing any kind of loss without Insurance causes instability in your budget!