Robert Reich: This Labor Day We Need Protest Marches Rather than Parades

[marmar]

Published on Thursday, August 25, 2011 by RobertReich.org
This Labor Day We Need Protest Marches Rather than Parades

by Robert Reich


Labor Day is traditionally a time for picnics and parades. But this year is no picnic for American workers, and a protest march would be more appropriate than a parade.

Not only are 25 million unemployed or underemployed, but American companies continue to cut wages and benefits. The median wage is still dropping, adjusted for inflation. High unemployment has given employers extra bargaining leverage to wring out wage concessions.

All told, it’s been the worst decade for American workers in a century. According to Commerce Department data, private-sector wage gains over the last decade have even lagged behind wage gains during the decade of the Great Depression (4 percent over the last ten years, adjusted for inflation, versus 5 percent from 1929 to 1939).

Big American corporations are making more money, and creating more jobs, outside the United States than in it. If corporations are people, as the Supreme Court’s twisted logic now insists, most of the big ones headquartered here are rapidly losing their American identity. ..........(more)

The complete piece is at: http://www.commondreams.org/view/2011/08/25-11

[WI_DEM]

1. He's right

[Scuba]

2. Monday, September 5th... see you on the Square in Madison !!!