Ignorance is the corporations’ biggest tool against the workers and uninformed. Employment at 4 percent to zero is good for the workers because workers can ask for more wages and benefits, and unions can ask for more and not worry about no one being able to find work if they lose their jobs. Unemployment at 5 percent to 10 percent is good for the corporations for the corporations would have a reserve army of labor force who are desperate enough to agree to whatever work at whatever wage they can receive. Unemployment plays a critical role in the capitalist system, preventing wage growth from threatening the profitability of the corporations. A tight labor market opens the best way for organizing unions, like Starbucks and fast food, and Amazon as well. According to former Secretary of Labor Robert Reich, “Corporations tell us they have ‘no choice’ but to raise prices. Meanwhile: Corporate profit margins soared to their highest levels since 1950. Stock buybacks are expected to reac...
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.