Thursday, February 14, 2013

Richard (RJ) Eskow: The Great Wage Robbery

Richard (RJ) Eskow: The Great Wage Robbery

Wealth inequity is created whenever an employer lowers his employees' wages, replaces a full-time worker with several part-timers, busts a union, cuts corners on workplace safety, or pays a lobbyist to change the rules.
It's created whenever a job is shipped overseas, and when investments are shifted from job-producing industries to the non-productive financial sector. It's created when GE outsources its manufacting operation and gets into the banking (read, "gambling with taxpayers' money") business. Or when AIG stops insuring risk and starts betting on it.
And the process isn't slowing down. In fact, it seems to be accelerating.

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