Monday, January 05, 2009

strikes and the economy

a strike is usually associated with trade unions- when they disagree with the owners on certain aspects. however, this has filtered its way into mainstream life with a strike being called from everything to anything.
there is a truck strike currently on.
http://www.thehindubusinessline.com/2009/01/06/stories/2009010652150500.htm

"AIMTC, the body which had called the strike, claimed that the first day of the strike was successful. Spokesperson of AIMTC, Mr N.L. Gupta, said, “The first day of the strike call has been successful. In Maharashtra, eight lakh trucks went off the road, causing a loss of Rs 800 crore.”

How can you measure a sucessful strike with a loss of 800 crores in a single day? How different is this from stealing or from any other activity? Is Mr. Gupta happy with the fact that the economy and the truck drivers lost so much money?

I just don't get this logic. During an economic scenario like what exists currently, I really don't believe that calling strikes and causing more irreversible damage like this is going to help. I guess this is why no MNC is looking at india as a Manufacturing base- simply because the logistics is no match to China. and we have bodies such as the AIMTC helping justify the cause.

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