Friday, May 13, 2005

"An age when taking care of employees has gone out of style."

Krugman, of course:

In 1968, when General Motors was a widely emulated icon of American business, many of its workers were lifetime employees. On average, they earned about $29,000 a year in today's dollars, a solidly middle-class income at the time. They also had generous health and retirement benefits.

Since then, America has grown much richer, but American workers have become far less secure.

The status of working Americans isn't important news to the "fuckwit 500" and their ilk either. Yet, in the media, hour upon hour, column inch after inch, is devoted to stock performance and corporate profits. Workers are now described as an impediment to corporations and a burden to their own government.

Cue Lee 'fucking' Greenwood!