Friday, February 13, 2015

Friday morning news

Just a couple things this Friday:

New Deal Demoncrat - it's not just a low-wage recovery. Here, how's about you look at actual data instead of the talking points of the permadoomer brigade?

Bespoke - utilities going back down. Good, because utilities are not the sector the market is supposed to be buying in an expansion.

Robert Reich - labour going back to the nineteenth century. Quote:
But now we seem to be heading back to nineteenth century.

Corporations are shifting full-time work onto temps, free-lancers, and contract workers who fall outside the labor protections established decades ago.

The nation’s biggest corporations and Wall Street banks are larger and more potent than ever.

And labor union membership has shrunk to fewer than 7 percent of private-sector workers.

So it’s not surprising we’re once again hearing that workers are worth no more than what they can get in the market.

But as we should have learned a century ago, markets don’t exist in nature. They’re created by human beings. The real question is how they’re organized and for whose benefit.

In the late nineteenth century they were organized for the benefit of a few at the top.

But by the middle of the twentieth century they were organized for the vast majority.

During the thirty years after the end of World War II, as the economy doubled in size, so did the wages of most Americans — along with improved hours and working conditions.
Yeah, that's nice Bob. So, considering you were Secretary of Labor under Clinton, exactly what the fuck did you do about it when you had the chance 20 years ago? It's easy to utter empty platitudes after the fact; I guess you felt it was a lot harder to actually stick your damn neck out and do something.

You were in power, so you perpetuated the anti-worker power structure. Own up and shut up.

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