Archive for July 2011
No Wage Increase Means A Wage Cut
by Gary Walkowicz
UAW President Bob King said that the union leadership supports profit-sharing, but not wage increases, for Ford, GM and Chrysler workers in the new contract.If our wages stay the same for the next 4 years, while prices go up, that means our purchasing power is steadily going down. If we can’t buy as much 4 years from now as we can today, then our standard of living has gone down. Let’s say it like it is – a wage freeze is a wage cut.
