Wednesday, January 28, 2009

A Virtuous Circle


All that supply-side, trickle-down, voodoo economics has just about destroyed our economy. It's time to return to what worked for all Americans; policies that respect the value and dignity of those who labor.
LA Times - Opinion
The union way up
America, and its faltering economy, need unions to restore prosperity to the middle class.
By Robert B. Reich January 26, 2009

Why is this recession so deep, and what can be done to reverse it?

Hint: Go back about 50 years, when America's middle class was expanding and the economy was soaring. Paychecks were big enough to allow us to buy all the goods and services we produced. It was a virtuous circle. Good pay meant more purchases, and more purchases meant more jobs.

At the center of this virtuous circle were unions. In 1955, more than a third of working Americans belonged to one. Unions gave them the bargaining leverage they needed to get the paychecks that kept the economy going. So many Americans were unionized that wage agreements spilled over to nonunionized workplaces as well. Employers knew they had to match union wages to compete for workers and to recruit the best ones.

...(full article)


Join the Employee Free Choice Act Action Team

Did You Know?:
Corporations use bailout money to organize against Employee Free Choice Act

By John Amato (Crooks and Liars) Wednesday Jan 28, 2009

2 comments:

mad Nomad said...

Maybe now we can start to break the power of the monopolists and get some solidarity against the land-owning white protestants!

jessica said...

Thanks for the information with us..
nice blog..

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Jessica
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