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In the discussion thread: Inequality and the Case for Unions [View all]

Response to xchrom (Original post)

Mon Jun 23, 2014, 08:25 AM

1. The Middle Class

We've all heard it before. Unions helped make the middle class the middle class. Through the 1970s, they were a huge part of our employed workers. Then the Reagan Era hit us and all of a sudden all of the air traffic controllers were fired and the union was busted. Then other unions in the public sector were busted. Then the private unions were getting smaller and smaller. Along with this, the middle class was getting smaller and smaller. We have a lot to be thankful for from the unions. They helped all of us get the benefits that every hard working individual has earned. They kept child labor from remaining child labor. They made a pathway to the American dream. For many now, that dream is gone. The hourly wage for workers has not risen based upon an inflation basis since the mid 1970s. Greed has shown up with all types of companies, but especially Wall Street. I just read an article about a person thought it was unfair that his bonus was ONLY $8 million because he told his mother it would be more than that. WTF is wrong with these people? Many people will not make $1 million in their lifetime. Why is it that a CEO, or in the previous case a broker, think they deserve so much in bonus or wage? Why? No one is worth that kind of money. No one. Carly Fiorina was let go from her job a Hewlett Packard and made a bundle on being let go. She did to a terrible job, but why would she get slightly more than $20 million? 18,000 were laid off at HP. She's just one example, but I think the answer to all of this is greed. If you have a reputation going into a job that meets the ideals of the Board of Directors, then your pay package will be huge. The workers be damned. This is all about greed. Why not fire the Board of Directors and replace with some from the working class (middle class) and some from the executive group which is currently 100% of most of the Boards of Directors. Our system sucks.

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xchrom Jun 2014 OP
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OLDMDDEM Jun 2014 #1
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