Sunday, July 28, 2013

Time for Union comeback?


On their own, low wage workers are staging one day walk-outs to pubicize their low and stagnant wages as the CEO's are handing themselves huge wage increases.
Their anger has been stoked by what they see as a glaring disconnect: their wages have flatlined, while median pay for chief executives at the nation’s top corporations jumped 16 percent last year, averaging a princely $15.1 million, according to Equilar, an executive compensation analysis firm.

In recent weeks, workers from McDonald’s, Taco Bell and other fast-food restaurants — many of them part-time employees — have staged one-day walkouts in New York, Chicago, Detroit and Seattle to protest their earnings, typically just $150 to $350 a week, often too little to support themselves and their families. More walkouts are expected at fast-food restaurants in seven cities on Monday. Earlier this month hundreds of low-wage employees working for federal contractors in Washington walked out and picketed along Pennsylvania Avenue to urge President Obama to press their employers to raise wages.

Ana Salvador, who earns $10 an hour after 10 years working at the McDonald’s inside the National Air and Space Museum, wrote Mr. Obama to say that she did not earn enough to support her four children, adding that her family relied on food stamps and Medicaid. Another striker, Karla Quezada, who has worked at the Subway inside the Ronald Reagan Building for 11 years, said that while her employer made “lots of money off of my work, I still only make $9.50 an hour.” This is higher than the $7.25-an-hour federal minimum wage as well as the District of Columbia’s $8.25 minimum — many states have minimums above the federal level — but it isn’t much after more than a decade on the job. In a speech in Galesburg, Ill., last Wednesday aimed at bolstering the middle class, Mr. Obama called for raising the minimum wage.

Many low-paid workers feel their employers have put an invisible ceiling on their wages, with little prospect of ever making more than $10 or $11 an hour, as corporations have focused on keeping wages competitive and maximizing profits to benefit shareholders. The richest Americans have benefited mightily
Businesss has adopted a two leged stool model with management and shareholders being the two legs and the former third leg, the workers just a disposable cheap commodity. Unions made workers the third leg in the past, it would be a good time for them to do it again.

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