Honoring Our Workers With a Knife in the Back September 6, 2010Posted by Dwight Furrow in Dwight Furrow's Posts, politics, Uncategorized.
Tags: Labor Day, labor unions
Labor Day may be our most hypocritical holiday in the U.S.
Here is Harold Meyerson on the state of our working class:
Consider: As of this year, U.S. gross domestic product is about 1 percent beneath its 2008 peak, compared to a drop of roughly 2 percent in France and Germany and 5 percent in Britain and Japan. But U.S. unemployment has increased roughly 5 percentage points since 2007, compared to just 1 point in France and Japan and 2 in Britain. In Germany, unemployment has actually dropped a point since the recession began. […]
As Andrew Sum and Joseph McLaughlin of Northeastern University’s Center for Labor Market Studies have documented, pretax corporate profits increased $388 billion from the low point of the current recession, the second quarter of 2009, to the third quarter thereafter, while wages increased just $68 billion. […]
A survey, released Thursday by the Kaiser Family Foundation and the Health Research & Educational Trust, shows that employee premiums rose 13.7 percent over last year, while the amount that employers contributed dropped — dropped! — 0.9 percent.
Only a purblind ideologue could miss the pattern here. American employers — more than employers in other nations and more than American employers in earlier downturns — have imposed the costs of the recession and, increasingly, the costs of doing business, on their workers, and kept for themselves damn near all the proceeds from doing business.
…the U.S. private sector is almost entirely — 93 percent — nonunion. Unlike European workers, unlike their own parents and grandparents who lived in a much more heavily unionized America, U.S. workers are now powerless to stop their employers from pocketing all the change.
Enjoy your Bar B Q.
For political commentary by Dwight Furrow visit: www.revivingliberalism.com