People like you and me are in a decreasing percentage of employees. Only about 5% of employers are offering a pension plan and a matched 401K / IRA. Only 10% of the fortune 100 companies offer a pension to new salaried employees.
Here’s a link to a study in 2008, the numbers of DB plans have dropped since then.
In general my generation is going to get screwed when we reach retirement age.
That’s why it’s imperative for working class millennials to try and stay as healthy as possible throughout life. Chances are a good portion of us won’t be retiring.
Arguably the two biggest contributors to increase income inequality were globalization and technology.
No, that’s a mischaracterization of liberal philosophy about capital and labor. A better summary is a simple recognition that capital (corporations) act in their self-interest. There is nothing inherently wrong about that, but liberal philosophy recognizes that the interests of labor, and society in general, require representation in the equation. Hence the need for organized labor and laws (regulation) to steer the progress.
Not just own, start, take the risk.
Right to Work for every State!
Steel companies have raised the price of steel 4 times since Trump closed the market with tariffs. There should be no need for cuts.
Trump needs to fire all of them! Can he fire all of them?
Don’t you wish your kids had teh same deals you have re: employment and pensions and benefits?
Not really true when you look at comparable global, industrialized nations.
So people who start business are making the world a better place and people who work for business aren’t?
That’s a ■■■■■■ up world view.
Only when he won nomination. Too late now
No.
Greed. Plain and simple.
Capitalism, with ineffective restraint, created income inequality.
Democratic socialist countries, do not have the same income inequality we (and other) nations have.
Well regulated capitalism, can create better economic outcomes for more.
The key is to have a dynamic system, that can react effectively when situations change.
Your right rich and poor and nothing in between.
Skilled labor isn’t cheap and cheap labor isn’t skilled.
That’s fine. I live in a right to work state and funny enough I’m non-union. The company I work for is extremely hostile to organized labor.
I’m generally pro labor, however.
Those times are dead and gone. And organized labor is ultimately on its way out with the way we are going.
We just have to adjust.
Is this strike happening at one of the new mills trump said we’re opening…
Can you express your view on organized labor in your workplace without retaliation from management?
It will be a cold day in hell when there is no organized labor in aviation
Saw this yesterday:
