NEWS: "Corporate America pulling back pension safety net"

[Bluebear]

Note Bush's new hot-button framing: Pensions are now "social welfare".

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WASHINGTON — Last week's court decision permitting United Airlines' parent to dump its pensions on the federal government is part of a sweeping trend that could make the nation's employers more competitive, but at the cost of leaving workers and their families bearing big new risks.

In a nutshell, a broadening swath of corporate America is retreating from the safety-net business and is shifting responsibility to employees....

"People like to think of employers as social welfare organizations, but they're not," said Sylvester Scheiber, a partner with the financial consulting firm of Watson-Wyatt and a member of President Bush's 2001
Social Security Commission. "In an increasingly competitive world, they don't have room to do much else but focus on the competition."

MORE and worth the read:

http://news.yahoo.com/s/latimests/corporateamericapullingbackpensionsafetynet

[Carolab]

1. And WE have little room to do much else than BOYCOTT them!

See how THAT helps your bottom line, motherfuckers.

[Skidmore]

2. G.E.N.E.R.A.L S.T.R.I.K.E

Power of the purse and production. Workers need to unite and stand up to these people.

[Bluebear]

8. I think it will come down to that nt

[bryant69]

3. Conservatives believe

The working poor making under $20,000 have life a little too easy. Rich guys making $200,000 have life a little too hard.

Bryant
check it out --> http://politicalcomment.blogspot.com

[HawkerHurricane]

6. Any conservatives who truly believe that:

send me a private message, and I will gladly help you get your income under $20,000 so that you, too, can have the easy life. I will take up the diffuculties of that other $180,000 a year, so you no longer have to worry...

[sarcasmo]

4. Will they do this in the future with your 401K? Employers think they are

Social Welfare organizations. Let's see you put into a pension just like Social Security and expect to get something back from both of them. Pay off your house and never quit working. Welcome to the new Amerika.

[cornermouse]

5. Sort of makes you want to dive headfirst into Social Security

Privatization scam, doesn't it? :crazy:

[TahitiNut]

7. Corporations: Temples to Mammon

They've finally dropped all pretense of regarding a company as a collection of people working together to provide a product or service. A company is an "employer" - deigning to offer favor to those who're deemed worthy. Let's just forget that it's the labor itself that creates the wealth. Let's forget that the people "too lazy to work" are really those who profit enormously from the labors of others.

Nope. A company is now a Temple to Mammon, from which those unwilling or unable to tithe and obey are excommunicated. The management are the priests and priestesses and the owners are Gods! Kneel and obey, O' lowly Worker Bee!