German politicians typically worry more about creating moral hazards by featherbedding businesses.
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On the campaign trail, Trump called the bank "featherbedding" for politicians and companies.
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The only arguments for preserving the bank are made by those seeking "featherbedding" in the swamp.
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EXPORT-IMPORT BANK In 2015, Mr. Trump slammed the export financing agency as "featherbedding" for politicians and big corporations.
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Yet without unions to check them, C.E.O.s engage in their own greedy featherbedding and underinvest in worker training, thus undermining America's economic competitiveness.
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Yet without unions to check them, C.E.O.s engage in their own greedy featherbedding and underinvest in worker training, thus undermining America's economic competitiveness.
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Trump told the Journal that the bank benefits small businesses and creates jobs, a reversal of his earlier criticism of the bank being "featherbedding" for wealthy corporations.
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Trump told the Journal the bank benefits small businesses and creates jobs, a reversal of his earlier criticism of the bank as being "featherbedding" for wealthy corporations.
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Probably in the 227s and 228s when periodic strikes and union featherbedding -- combined with corporate greed masquerading as maximizing shareholder value -- helped lead to plant closures in mid-sized American cities. 229.
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When President Donald Trump said he would revive the embattled Export-Import Bank this month, it marked an about-face on an institution that Trump once slammed as "featherbedding" for big corporations.
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The state should also make sure the M.T.A. has a voice in negotiations between contractors and labor unions, to reduce the potential for featherbedding that exists when both sides can pass on costs to the government.
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WASHINGTON (Reuters) - President Donald Trump nominated former Republican lawmaker Scott Garrett as president of the Export-Import Bank of the United States on Friday, completing an about-face over an institution he had denounced as "featherbedding" for big business.
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In addition, the PLA mandate on Seattle's Highway 99 tunnel mega-project has not saved taxpayers from delays, cost overruns, union strikes, featherbedding and labor disputes, nor the employees working on the project from a poor safety record, sexual harassment allegations, violations of state and federal minority contracting rules and colleagues arriving at the jobsite drunk.
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In the U.S., the Taft-Hartley Act defines and outlaws featherbedding."Featherbedding and Taft-Hartley," Columbia Law Review, 52:8 (December 1952). However, as previously noted, the U.S. Supreme Court has narrowly defined featherbedding, leaving most practices undisturbed.
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Seizing on economists' emphasis on power in the workplace, other social theorists conclude that featherbedding is a result of weak labor unions and unenforced and unprotected worker rights. Under this analysis, featherbedding is a response by unions to their weakness, not strength. Improved workplace employment rights, improved economic policies and less antagonistic labor-management relations, it is argued, would reduce featherbedding. Others see certain kinds of featherbedding as a corrective for market failures.
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Increasingly, the term has come to refer only to work rules or collective bargaining agreements demanded by labor unions.Norman J. Simler, "The Economics of Featherbedding", in Featherbedding and Technological Change, ed. by Paul Weinstein, D.C. Heath and Co., 1965. In nations where trade union activities are legally defined, legal definitions of featherbedding exist.
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In the United Kingdom, featherbedding is also referred to as "overmanning".George E. Johnson, "Work Rules, Featherbedding, and Pareto-Optimal Union-Management Bargaining," Journal of Labor Economics, 8:1 (Part 2; January 1990).
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Merriam-Webster's Dictionary of Law, 1st ed., Merriam-Webster, Inc., 1996. In a 1965 bulletin the United States Department of Labor referred to "featherbedding" as: Since the mid-19th century, "featherbedding" has been most commonly used in the labor relations field.
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Featherbedding is considered economically efficient because it occurs in the give-and-take of collective bargaining. If employers were relatively strong vis-a-vis unions, unions would be unable to impose featherbedding on them. As the politico-socio-economic strength of each party changes over time, collective bargaining outcomes will as well, enlarging or reducing the number and impact of featherbedding rules on the employer.Lloyd Ulman, The Rise of the National Trade Union, Harvard University Press, 1955; Clarence C. Morrison and Herbert J. Kiesling, "Featherbedding—An Easy Second Best Problem," Atlantic Economic Journal, 4:3 (September 1976).
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Bargaining over work rules (featherbedding) as well as wages achieves outcomes close to those reached by bargaining solely over wages, but is better than bargaining over wages alone.George E. Johnson, "Work Rules, Featherbedding, and Pareto-Optimal Union Management Bargaining," Journal of Labor Economics, 8:1 (Part 2, 1990).
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Featherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless, complex and time-consuming merely to employ additional workers.The New Dictionary of Cultural Literacy, 3rd ed., edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil, Houghton Mifflin Company, 2002. The term "make- work" is sometimes used as a synonym for featherbedding.
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In 1959, Pevler wrote a 12-page pamphlet on Featherbedding titled The Changing Railroad Picture. Pevler supported the Demonstration Cities and Metropolitan Development Act of 1966.
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In Brazil, featherbedding is considered endemic in government-owned and private-sector industries. Some analysts argue that featherbedding is a reaction to economic insecurity, and helps stabilize the national economy by spreading wealth.M. Delal Baer, "Profiles in Transition in Latin America and the Caribbean," Annals of the American Academy of Political and Social Science, 526 (March 1993); William F. Maloney, "Informality Revisited," World Development, 32:7 (July 2004).
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Henry S. Farber, "The analysis of union behavior," Handbook of labor economics 2 (1986): 1039–89. More recent political analyses of featherbedding have concluded that featherbedding is not necessarily economically optimal, but is better than other forms of bargaining. Under this analysis, the best form of collective bargaining would be one in which the union and employer bargain not only over wages but the level of employment. Most unions in the United States, for example, bargain solely over wages.
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These definitions are few in number, and tend to be narrowly drawn. For example, the Taft-Hartley Act in the United States defines featherbedding in Section 8(b)(6) as any agreement or union demand for payment of wages for services which are not performed or not to be performed. However, in 1953, the Supreme Court of the United States ruled that the Act's definition only applies to payments for workers not to work. Therefore, work rules requiring minimum crew sizes, the assignment of duties to craft workers, and other "make-work" agreements do not constitute featherbedding.
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After he left the City Council, Cunningham continued to be "very well known at City Hall" as the head of Stephen W. Cunningham and Associates, zoning consultants and land use specialists, with offices at 3233 Wilshire Boulevard. In 1948 he was on a Los Angeles committee against "featherbedding" in the railroad industry, a practice requiring extra employees on freight trains."Civic Group Set Up to Get Anti-Featherbedding Votes," Los Angeles Times, October 10, 1948, page A-7 He died in his home in Brentwood, on July 28, 1956, the day before his 70th birthday and was buried at Evergreen Cemetery in Riverside, California.
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" In 1962 Lippert criticised Hollywood for the "slow suicide" in movie going, blaming involvement of New York bankers in creative matters, inflated overhead, union featherbedding and obsolete theatres. "The economics of this business have gone cock-eyed", he added. "The total gross of pictures has dropped from 20-30% and the costs have doubled. It's nuts.
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In Spring 1964, Johnson did not look optimistically upon the prospect of being elected president in his own right.Dallek 1998, p. 127. A pivotal change took place in April when he assumed personal management of negotiations between the railroad brotherhood and the railroad industry over the issue of featherbedding. Johnson emphasized to the parties the potential impact upon the economy of a strike.
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There are no national, regional, or local statutes or regulations governing labor unions in Sweden. Sweden has no national bureau or agency overseeing or regulating labor relations, and no agency monitors or regulates internal trade union matters. Nevertheless, despite relatively close relationships between employers and unions, featherbedding is almost unknown in Sweden.Reinhold Fahlbeck, Trade Unionism in Sweden, International Institute for Labour Studies, International Labour Organization, 1999.
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The electricians remained on strike. As the city attempted to mediate the dispute, Hunkin-Conkey officials accused the union of featherbedding. The city proposed that since flipping a light switch was not a professional skill, that the late-night worker should only be barred from completing work begun during the day. This solution proved acceptable to the union, and workers returned to the site on August 5.
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Legal scholars and certain social theorists argue that featherbedding may be an expression of the concept of a job as a property right. These analysts argue that while the owner or employer has the "right" to extract profit because of his or her investment of capital, so the worker has the "right" to extract profit because of his or her investment of labor. Featherbedding, it is argued, arises and becomes a significant problem in places where the job property right is not part of the legal regime and remains unprotected (such as the United States).Donald L. Martin, "Job Property Rights and Job Defections," Journal of Law and Economics, 15:2 (October 1972); P.J. White, "Unfair Dismissal Legislation and Property Rights: Some Reflections," Industrial Relations Journal, 16:4 (December 1985); Ellen Dannin, "Why At-Will Employment Is Bad For Employers and Just Cause Is Good For Them," Labor Law Journal, 58:5 (2007).
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Promotional excursions such as the Florida Special helped make the state the tourist destination it is today. Ball fought ferociously for the company's right to engage in its own contract negotiations with the railroad unions rather than accept an industry-wide settlement that would traditionally contain featherbedding and wasteful work rules. This led to a prolonged work stoppage by non-operating unions beginning January 23, 1963, and whose picket lines were honored by the operating unions (the train crews).
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But industry negotiators refused to grant a wage increase unless McDonald agreed to substantially alter or eliminate Section 2(b) of national contract. Section 2(b) of the steelworkers' contract limited management's ability to change the number of workers assigned to a task or to introduce new work rules or machinery which would result in reduced hours or numbers of employees. Management claimed that this constituted featherbedding and reduced the competitiveness of the American steel industry. McDonald characterized management's proposals as an attempt to break the union.
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Rose, "The Struggle over Management Rights at US Steel, 1946–1960: A Reassessment of Section 2-B of the Collective Bargaining Contract," Business History Review, Autumn 1998. Section 2(b) of the steelworkers' contract limited management's ability to change the number of workers assigned to a task or to introduce new work rules or machinery that would result in reduced hours or fewer employees. Management claimed that it helped featherbedding and reduced the competitiveness of the American steel industry. McDonald characterized management's proposals as an attempt to break the union.
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The term "featherbedding" originally referred to any person who is pampered, coddled, or excessively rewarded. The term originated in the use of feathers to fill mattresses in beds, providing for more comfort. The modern use of the term in the labor relations setting began in the United States railroad industry, which used feathered mattresses in sleeping cars. Railway labor unions, confronted with changing technology which led to widespread unemployment, sought to preserve jobs by negotiating contracts which required employers to compensate workers to do little or no work or which required complex and time- consuming work rules so as to generate a full day's work for an employee who otherwise would not remain employed.
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His treatment of those locals and the union's failure to deliver effective leadership during several strikes in the Northwest led to their departure to join the CIO several years later. He did not permit the nomination of candidates to oppose him at one of the union's conventions and named his own son First Vice-President in 1938. Hutcheson's outspoken politics may have played a role in the Roosevelt administration's attempt to convict Hutcheson and other union leaders for criminal violations of the Sherman Act in 1940. The government claimed that the union's traditional methods of protecting its members' work — jurisdictional strikes, resistance to work-displacing technology, and featherbedding — were illegal restraints of trade.
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Hutcheson was a vocal opponent of Franklin Delano Roosevelt, whom he denounced as a "dictator" while campaigning for his opponent, Alf Landon, in 1936. Hutcheson's conservative politics and his conflict with the CIO may have played some part in the government's decision in 1940 to charge Hutcheson and other union leaders for criminal violations of the Sherman Act in 1940. The government claimed that the union's traditional methods of protecting its members' work — jurisdictional strikes, resistance to work-displacing technology, and featherbedding — were illegal restraints of trade. The United States Supreme Court upheld the district court's dismissal of the indictment in the first prosecution brought by the government in United States v.
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In his famous pamphlet Economic Problems of Socialism in the USSR, Joseph Stalin argued that the law of value did operate in the economy of the Soviet Union.Joseph Stalin, Economic Problems of Socialism in the USSR. Stalin was primarily concerned at the time with the problem of wasted labour, in an economy where workers often could not be easily fired (they had a constitutionally guaranteed right to a job, and there was considerable featherbedding of employees), and where there was often no clear relationship between salary-levels, work performance and actual output. The Stalin theory of the law of value was critically discussed by Włodzimierz Brus in The market in a socialist economy.
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The short sequel "Screwtape Proposes a Toast" (1959), first published as an article in the Saturday Evening Post, is an addendum to The Screwtape Letters; the two works are often published together as one book. "Screwtape Proposes a Toast" takes the form of an after-dinner speech given by Screwtape at the Tempters' Training College for young demons. In stage adaptations it is sometimes added as a prelude, making the work a prequel. "Screwtape Proposes a Toast" is Lewis' criticism of leveling and featherbedding trends in public education; more specifically, as he reveals in the foreword to the American edition, public education in America (though in the text, it is English education that is held up as the purportedly awful example).
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In order to try to save the railroad from its three decades-long state of bankruptcy, which if allowed to continue would have threatened the railroad with physical deterioration and even partial abandonment, Ball fought for the company's right to engage in its own contract negotiations with the railroad unions rather than accept an industrywide settlement that Ball thought would include featherbedding and wasteful work rules. His use of replacement workers to keep the railroad running during the strike led to violence by strikers that included shootings and bombings. Eventually, Federal intervention helped quell the violence, and the railroad's right to operate during the strike with replacement workers was affirmed by the United States Supreme Court. As the strike continued, the Florida East Coast took numerous steps to improve its physical plant, install various forms of automation, and drastically cut labor costs, all to an extent that most other railroads would not succeed in matching until years later.
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Logo of Luz y Fuerza del Centro On 12 October 2009, President Felipe Calderón issued a decree dissolving Luz y Fuerza del Centro (LFC, also rendered on logo as "LyF"), the state-owned power company serving most of central Mexico—including Mexico City, most of the State of Mexico and some communities in the states of Morelos, Hidalgo and Puebla. The government claimed that spending had outpaced sales due in part to massive featherbedding, and it no longer made sense for the company to stay afloat.Mexico Power Takeover Creates Sparks According to the government, spending at the company was increasingly outpacing sales Mexico shuts down troubled energy firm CFE went on to control the national electric system and expand its operations nationwide, while the smaller LFC kept a low profile, maintaining its operations in the central region of Mexico. LFC provided electricity to several states where, by virtue of a federal law, CFE had no operations (a 1985 agreement between CFE and LFC increased the areas served by the former).
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