Why I joined the labor movement:
Henry Ford used to say that he wanted his workers to have enough money to buy his cars. Our current business leaders seem to have forgotten that simple economic idea. That is why, for their own self-interest, business, and their Republican allies in Congress, should embrace broad unionization.http://www.workinglife.org/blogs/view_post.php?content_id=12048
....
Without any real increase in wages, consumers in the past 20 years have piled up debt upon debt. According to Demos, Americans overall credit card debt grew from $211 billion to $876 billion between 1989 and 2006. When credit cards were maxed out, they turned to their sole remaining economic lifeline: home equity. Demos estimates that homeowners sucked out $1.2 trillion in home equity, not for mansions and yachts, but for basic living expenses.
Pretty much nails it. Cause the country NEEDS it.
0 Comments:
Post a Comment
<< Home