Over this weekend some union employees in a Chicago decided to stage a sit in at their factory after they were laid off and not given their severance or unused vacation. These workers were abruptly laid off and since the former company went into bankruptcy, the assets were handled by Bank of America. Bank of America decided that it had no obligation to pay the workers the debts their former company owed and gave a giant F@#$ you to the workers. Isn't it so great that labor and management can negotiate in the free exchange of labor for employment?
Oh wait, what I am seeing more and more frequently is a system of labor laws which lack any enforcement. As a result, workers are being denied their final earnings, being made to do thing outside of their contracts because they will be fired, and made to work above and beyond what they signed up for because they can be tossed on the swages, which are negative. In other words, as the worker produces more units, they are paid treets at any time. It is a sign of how naive and/or stupid the randoids/Milton Friedman followers are when they claim that labor can really equally enter negotiations with management on equal terms. If that were the case, then real wages would rise, especially given the continual rise in productivity. From that linked report from the Bureau of Labor Statistics shows that the change in output in all sectors of the economy is greater than the change in real hourlyless in this glorious economy. Here's a hint to why people are not buying anything, they are getting a pay cut every year they are getting no increase in wage to match inflation, and a decade plus of this will catch up in a comsumption driven economy.
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