For eight summers she did the kind of job Americans don’t want to do, according to the “experts” – picking blueberries on a New Jersey farm. After her parents divorced, she was just three, and was raised by her mother, grandmother and two unmarried aunts. Her first big accomplishment was winning the New Jersey Blueberry Princess pageant at age 16.
Four years later she won the World Champion Blueberry Packing competition. She could pack 300 crates a day. Although she also excelled as a student and cheerleader at St. Joseph’s High, her heart was with the farm:
“Everything I learned about life and business started on that farm.”
British Labor Party leader Jeremy Corbin is starting a campaign against inequality that should be emulated by all (five, ten?) American politicians not controlled by big business.
“One proposal is pay ratios between top and bottom, so that the rewards don’t just accrue to those at the top,” he said.
“Of the G7 nations only the US has greater income inequality than the UK, and pay inequality on this scale is neither necessary nor inevitable.”
Corbin is talking about real compensation – wages, salaries and bonuses – while many reports for the American public will note an executive $1 million wage, but exclude their $12 million bonus. That trick is good PR for the overpaid, but not good statistics when comparing worker to CEO. Also not mentioned is that company owners (with no work required) usually make much more than the executives. When comparing apples to apples, the mismatch is onerous.
“Total direct compensation for 300 CEOs at public companies increased 5.5% to a median of $11.4 million in 2013, concluded an analysis by The Wall Street Journal and Hay Group. A separate AFL-CIO study of CEO pay across a broad sample of S&P 500 firms showed the average CEO earned 331 times more than the typical U.S. worker last year. In 1980, that multiple was 42,” according to a report in the Wall Street Journal in November, 2014.
The record of being the most unequal of G7 nations – Canada, France, Germany, Great Britain, Italy, Japan, and United States – is a distinction without merit. So-called pay inequality solutions here include lowering the taxes on the highest paid, sheltering savings of the richest Americans, and maintaining government subsidies to the poorest workers (EITC), rather than really raising (not $10.10) the minimum wage. And those negative plans are the ones endorsed by many in the Democrat Party. Most in the GOP also want to privatize everything from national parks to public roads and schools – in short, anywhere a buck can be squeezed.
“Another proposal would be to bar or restrict companies from distributing dividends until they pay all their workers the living wage,” Corbin explained.
“Only profitable employers will be paying dividends, if they depend on cheap labor for those profits, then I think there is a question over whether that is a business model to which we should be turning a blind eye.”
During the 2008 financial crisis, it was common that many, running for public office, also espoused caps on highest salaries to five or ten million dollars. Continue reading →
FOX News yesterday proclaimed on the web:
The new GM deal would raise labor costs from $55 to $60 an hour, a 9 percent hike, according to a study of the deals from Kristin Dziczek of the Center for Automotive Research and Art Schwartz, a former GM labor executive and president of Labor and Economic Associates. The union contract at Ford also reached the $60 hourly rate over the next four years, a 5 percent increase from its current rate of $57. Those hikes pale in comparison with Chrysler, where average hourly wages will spike nearly 20 percent from $47 to $56.
Imagine “average hourly wages of $56” at Chrysler and equally high “labor costs” at GM and Ford. That $56 an hour times 40 hours times 52 weeks, equals $116,480 a year! What a great job – fantastic pay!
The turkeys at FOX News consider this the reason cars cost so much and will cost even more. They even printed (and so authorized by moderation) this comment on the website story:
Well, here comes the NEXT set of lost Manufacturing Jobs in America. Either it will come by NON-USA cars being made overseas because of the price or More Robots will be doing their job.
I have watched these Assembly lines making cars on TV – – Not sure it takes a $124,800 (no overtime) person to do it (plus the best Insurance and benefits, probably puts it over $150,000) to do what I saw.
I am happy for them but everyone must be realistic – – you can price yourself out of a job if you get too greedy. This sounds a bit greedy. Not sure it takes a Master degree in engineering to do this job, and I know lots of Engineers that would love to make this much.
And this gem:
Democrat definition of a living wage. Making $60/hour to do a job that a trained monkey could do, soon to be replaced by robots.
And this one:
Union workers are remarkably stupid. History is going to repeat itself here. Unions priced workers right out of work before and are well on their way to doing it again. But union bosses keep raking it in, don’t they? Union workers will get what they deserve.
However, the article is a big lie….
The Kristin Dziczek quoted by FOX News explains what the corporate shills Continue reading →
Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods
Billions for banks. Hardly a farthing for the families of Greece. The country continues to face impending feudalism to pacify a financial monarchy ruling Europe.
Since 2010, Greece has received nearly $277 billion in bailout funds. Almost all of the money has gone to pay the country’s debts, cover credit default swaps, pay jacked up interest rates and bolster the local and international banks’ capital, rather than to provide any economic growth. Meanwhile, seniors have been robbed of pensions, minimum wage rates smashed, Continue reading →
Worker earns $12,320 more than “boss”, despite same hours. Let’s end employers’ abuse of “management” exemption.
The threshold to qualify for overtime pay, now $23,660, is expected to rise to $50,440 a year if new regulations are adopted by the Barack Obama administration. Until now, companies were allowed to call you a manager, pay you $26,000 and require you to work, say, 58 hours a week – no extra pay for hours worked more than 40. This has left many Americans earning far less than the folks they supervised, all just wage slavery for extra time of devotion to the job..
An example is a fast food worker, who earns $11 an hour, which is below the current threshold exemption for overtime (most of these employees don’t even make that much). He is promoted to manager at a salary of $26,000 a year. The job requires him to arrive early, leave late, work an extra day on the weekends, for a total of 18 hours a week, bringing him to 58 hours (not unusual for “junior managers”).
The new manager’s total hours per year are 58 hrs. X 52 weeks = 3,016 hours a year. Even if paid just Continue reading →