Word: workers
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...worker ownership is, if anything, more promising in the automobile industry. If the American car companies are to survive, some accommodation must be made between the United Auto Workers, whose eagerness to forestall cuts to retiree and current worker benefits has made it difficult for firms to keep down costs, and the Big Three automakers. Ford, to its credit, has admitted as much by negotiating a deal with the UAW in which Ford has more flexibility in paying retiree health benefits...
...However, the heads of other firms, such as GM, have dismissed the possibility of similar deals. Moreover, the longer negotiations drag out between the union and automakers, the greater the danger of bankruptcy becomes. The answer, it seems, is some form of employee buyout. As Bloom himself has said, worker ownership is an ideal way to bring unions and management into a more constructive relationship. “Companies would come and ask unions to modify agreements in one way or another,” Bloom told The American Prospect’s Tim Fernholz...
...What, then, does Bloom’s appointment signal? His job encompasses a broad range of industries, from the steel mills he has helped organize in his position with the United Steel Workers to the Big Three automakers—Ford, General Motors, and Chrysler—in Detroit. Bloom and Keilin have already proven that worker ownership can work—since, before the United deal, they made their reputation by advising steel workers in buying out their employers...
...start such a dialogue by facilitating more employee buyouts, in the auto industry and elsewhere. For the sake of our nation’s manufacturing workers—and, indeed, for the sake of our nation’s manufacturing companies—here’s hoping worker ownership finds a home in the current administration’s economic policies...
...year history of food stamps in the U.S. began in May 1939, when unemployed factory worker Mabel McFiggin collected stamps to buy surplus butter, eggs and prunes in Rochester, N.Y. McFiggin was the first person to take advantage of the experimental program, designed to improve on Depression-era commodity-distribution systems developed to aid the needy and unload surplus wheat and other products bought by the government to support farm prices. Food stamps originally came in two colors: recipients bought orange stamps, which could be used for any kind of food, and they were given half that amount in free...