Matthew Rothschild: Unhappy Labor Day

[marmar]

from The Progressive:



Unhappy Labor Day
By Matthew Rothschild, September 4, 2009


It’s Labor Day and the American worker doesn’t have a lot to celebrate.

Unemployment stands at 9.7 percent—that’s 15 million people out of work, officially, and millions more unofficially.

“Nearly one in six workers are now unemployed or underemployed,” notes the Economic Policy Institute.

Many of those who are lucky enough to still have work have seen their hours and benefits cut back, or have been forced to take unpaid furloughs. Twenty percent of companies have suspended their contributions to 401(k) plans or other pensions.

And wages are stagnant, and have been for some time. ...........(more)

The complete piece is at: http://www.progressive.org/wx090409.html

[Hannah Bell]

1. yes, matt comes from a branch of "the" rothschilds. related to the utne reader owners, too.

[Laelth]

2. k&r for labor. n/t

:dem:

-Laelth

[marmar]

3. Labor Day kick.

:kick: