Word: wages
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...problem the incoming Obama administration will face is an uptick in union militancy. Blue-collar workers went into December fearing GM and Chrysler might collapse but left angry that Republican demands for wage concessions came at a time when bankers were using federal bailout money for bonuses. "I don't make $74 per hour," says Bryan Larkin, who is employed at GM's truck plant in Pontiac, Mich...
Actors were now free agents, but they had many more battles to wage. The advent of television posed a new problem, since networks could re-run episodes without paying actors for the repeated use of their performances. In 1952, SAG both held its first strike and negotiated its first residuals contract, allowing for small payments to actors whenever a show they appeared in was rerun. Over the years, the issue of residuals popped up again and again. In 1957, SAG signed a contract covering payments to actors who starred in films that were aired on TV. In 1974, the Guild...
Closer to home, "Ithaca Hours," with a livable hourly wage as the standard, were launched during the 1991 recession to sustain the economy in Ithaca, N.Y., and stem the loss of jobs. Hours, which are legal and taxable, circulate within the community, moving from local shop to local artisan and back, rather than leaking out into the larger monetary system. The logo on the Hour reads "In Ithaca We Trust...
...Senate Republicans, led by Bob Corker of Tennessee, engaged in a marathon session of talks. By late in the day, it seemed like they might be amenable to a plan that would involve the automakers slashing their debt by March 31 and forcing the United Autoworkers Union to accept wage cuts that would put them on par with employees of foreign automakers, which operate plants in the U.S. "We were three words - three words - away from a deal. We offered any date in the year 2009 - any date," Corker said...
...however, would agree to meet wage parity only by 2011, when their existing contracts expire, a recognition that reopening them before then would clear the way for difficult and unpredictable votes. "Evidently, the only thing that matters to the majority on the other side of the aisle is that workers get paid too much in this country, and unless we sock it to the worker, they will not be willing to allow a $14 billion bridge loan in order to save an industry," said Senator Debbie Stabenow, a Michigan Democrat. "This is not tonight about Democrat and Republican. This...