Friday, November 21, 2008

More on what bargaining power imbalace produces in the US labor market

More of what's wrong with the virtually unprotected by modern (sector-wide labor agreements) third, second and first world standards American labor market:

Last year Wall Street handed out $34 billion dollars* in bonuses to their (losing) gamblers: $180,000 apiece to 180,000 gamblers -- on top of their $120,000 average gambler salaries. This year it will go down to $26 billion**!

GM has what, 266,000*** hard working assembly line employees? Earning what? Big deal!





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