Thursday, February 26, 2009

Valuing labor

Never having been a union member I've been reluctant to weigh in on the Employee Free Choice Act - though if only because of Republican opposition I'm inclined to support the bill.

Here, however, is a loyal reader & fellow blogger who DOES have an informed opinion: Union Proud.

I will note that:
In 2007, the total compensation of chief executives in large American corporations was 275 times that of the salary of the average worker, estimates the Economic Policy Institute in Washington. In the late 1970s, chief executive pay was 35 times that of the average American worker."
[Wall St. Pay Is Cyclical. Guess Where We Are Now., NYT, 4 Feb 2009]
... and that from the 1970s till now our Republican friends have aggressively (and successfully) pursued blatantly anti-labor policies.

1 comment:

  1. The "Greed is Good" philosophy. What it also shows is that greed can never satiated.