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Lest forget those employees paid into the system
They didn't pay that much into the system.
Lest forget those employees paid into the system
They didn't pay that much into the system.
Vulture capitalists took over Hostess and borrowed 450 million against Hostess - not against the hedge funds who owned Hostess. Some of the plants had production machinery that was built in the 1920's. We might assume that investment in equipment, long before now, might have increased efficiency and profit. The hedge fund owners then asked the union to kick in 100 million. They did. Mismanagement continued, Hostess continued to dive. The hedge fund held owners then asked for more concessions from the union, which included salary reductions and loss of retirement benefits. Management including the CEO awarded themselves huge salary increases. There is no record how much the hedge fund owners took out of the company compared to how much they put in. It is reported that they covered their investment and made money, but not as much as they had hoped as they sucked the company dry and milked the workers for everything they could.
The taxes were taken out of their pay checks.
I would guess most got a small tax return at the end of the year and paid very little in income taxes - certainly not $20,000 a year
If 100 autoworkers make 100 cars, it is equivalent to each worker making a $20,000 car even if he only screws on a door. Besides, that work is monotonous and hard to put up with. If you don't stand up to your wage-gouging, luxury-living boss, don't sneer at those who are manly enough to fight back.if you cant pay rent making $18 per hour you really need to step back and look at your income vs. outgo and figure out what you are doing wrong, its not the employers fault .......and tell us how does one need to make to afford an expensive medical procedure?.....and why throw the "children card"?...my wife just had a procedure done las week that cost me $1700 out of pocket after insurance.....do i need to go talk to my boss about a raise?...NO, i just man up and take care of MY business, its not my employers problem..............besides, $18 per hour to make cupcakes?...really?...we're talkin cupcakes, not digital cardiac pacemakers............thats whats wrong with the Auto unions, paying somebody $40 per hour to screw on a door handle
Ohhh of course the typical "its the union's fault" card right?
Typical...
Anyways something to think about:
Just a bunch of partisan-crap slogans, nothing else.
What I've noticed instead is that, especially in immigrant-owned convenience stores, the managers replace the good stuff with off-brand junk. I suspect these are concocted by slave-wage companies that can offer a bigger profit margin to the stores.
If 100 autoworkers make 100 cars, it is equivalent to each worker making a $20,000 car even if he only screws on a door. Besides, that work is monotonous and hard to put up with. If you don't stand up to your wage-gouging, luxury-living boss, don't sneer at those who are manly enough to fight back.
Fat cats love mice. Are you a man or a mouse?
You're begging the question. The only reason players get paid like that (which is only fair because they produce billions in revenue) is because they finally organized a union after 100 years of wage slavery. I first realized this when reading Jim Bouton's Ball Four. He was a 20-game winner in the pre-union 60s who had to beg for a salary of $18,000! Even adjusting for inflation, that is about 3% of what he could get today. Most players back then had to work during the off-season.But come on, a professional sports union? This is just getting out of hand, when somebody with a starting wage of over $750,000 (and your guaranteed salary after 5 years is over $1 million) needs a union.
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You're begging the question. The only reason players get paid like that (which is only fair because they produce billions in revenue) is because they finally organized a union after 100 years of wage slavery. I first realized this when reading Jim Bouton's Ball Four. He was a 20-game winner in the pre-union 60s who had to beg for a salary of $18,000! Even adjusting for inflation, that is about 3% of what he could get today. Most players back then had to work during the off-season.
"Milked the workers for everything they could."
What does that mean other than a slogan?
Offer ANY $18 an hour job around here and people would line up for 300 yards.
The hedge fund DIDN'T invest in Hostess, it borrowed the money to "invest" in Hostess BUT it transferred the debt to Hostess. As a result Hostess didn't actually receive and infusion of investment to improve the company, make it more competitive and upgrade its manufacturing. The hedge fund Bained them. The transferred the debt to the company thus making a very difficult situation even worse for Hostess employees. At the same time they went back to the workers and told them they had to pony up some more money! During this process Hostess executives were given large raises and golden parachutes. THAT is milking the workers.
The players produce almost all the billions in revenue, so they only get paid what they are worth, as long as the public is willing to pay high ticket prices, which they are in spite of your phoney resentment.And does anybody think it will go back to that point again anytime in the future?
Look, I have no problem with employees unionizing if conditions and wages are crap. But that does not mean the union has to be a permanent fixture. Because almost every time, what eventually happens is that the unions themselves start to exploit the workers, wanting the higher pay (and dues) to fill their own coffers.
Trust me, this is no longer the 1960's. The players now make almost obscene salaries, as do actors. It always puzzled me how we have salary caps on CEOs, but not on employees. But if the Baseball union dissapeared tomorrow, do you or anybody else in here think the days will return to where the players make starvation wages?
For me, I have pretty much abandoned watching professional sports. The unions and strikes have pretty much ruined the game's enjoyment, and now I stick strictly to more amateur sports, like skiing and college football.
But nice dodge there, I guess you really do favor the big national conglomerates over the small local companies.
A stock certificate is just a piece of paper a real man would put his fist through. Owners aren't earners.Being manly is not standing in an unemployment line to live off the government tit. Besides, stop being a crybaby about it. They played poker and they lost.
If the Capitaliban own a man's work, they own the man. If you're not a union man, you're not a man. You're just a boytoy of the rich.
The players produce almost all the billions in revenue, so they only get paid what they are worth, as long as the public is willing to pay high ticket prices, which they are in spite of your phoney resentment.
A stock certificate is just a piece of paper a real man would put his fist through. Owners aren't earners.
A stock certificate is just a piece of paper a real man would put his fist through. Owners aren't earners.
I guess I can see the solidarity between obama and unionites here in this post. After all the union doesn't realize "who built that" either.
The is Hostess going out of business and workers being laid off.Not a duplicate thread.