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Reply #6: Un(der)employment is the greatest threat to Social Security [View All]

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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-04 12:16 PM
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6. Un(der)employment is the greatest threat to Social Security
As we go a decade without an adjustment to the minimum wage, as we suffer under a Busholini Regime that has eliminated over ten million people from the workforce, as we go eight years with steadily decreasing real value wages for the bottom 90% that's transforming the U.S. into a banana republic with a Gini Index of 0.45 ... the policies of the Cheap Labor Profiteers running our Plantation Economy pose a far greater threat to Social Security than any other.

Social Security depends on a fairly-compensated workforce in which Americans are broadly enfranchised. The Busholini Regime is an implacable enemy of Labor. Overtime compensation? As it's reduced, so are OASDI/HI contributions. In every respect, these people are waging war on workers and retired workers -- all for the sake of the God of Greater Profits (robbing labor of the wealth they create).

A Full Employment and Fair Compensation policy would, with a small upwards adjustment of the age of eligibility, be quite sufficient to guarantee the health of Social Security for the next century - a future greater than its life so far.
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