Leo W. Gerard

President’s Perspective

Leo W. Gerard USW International President

New Rules

New Rules

Some of the biggest banks in the world are expected to plead guilty to felonies this week.  Felonies! They are scandalous crimes, too: fraud and antitrust violations.

Finally, America will see members of the class that crashed the economy dressed in black and white suits that are hardly the Brooks Brothers pinstripes to which they’ve grown accustomed.  

Oh, wait, no. The New York Times says these felons will just pay some fines and go about their business of playing roulette with the world economy. Of course they won’t face prison like normal criminals. They’re bankers! Members of the exclusive Too Big to Jail Club. They’re protected. Just like millionaires and CEOs are. A CEO can, for example, be fired for failing to produce but still get $21 million in severance, then lose a well-financed race for U.S. Senate and still be considered a viable presidential candidate. That’s because the rules are written for them. The economy currently is constructed to ensure their enrichment. 

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Making the Economy Work for the Many, Not the Few -- Step 1: Raise the Minimum Wage

Robert Reich

Robert Reich Former U.S. Secretary of Labor, Professor at Berkeley

Making the Economy Work for the Many, Not the Few -- Step 1: Raise the Minimum Wage

A basic moral principle that most Americans agree on is no one who works full time should be in poverty, nor should their family.

Yet over time we've seen significant growth in the "working poor" -- people working full time, sometimes even 60 or more hours each week, but at such low wages that they remain impoverished.

What to do?

One step is to raise the minimum wage to $15 an hour. This is winnable. A powerful movement is fighting for $15 an hour and they're winning new laws in cities and states, and forcing companies to raise wages.

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Workers and Wages Aren’t a ‘Cost,’ We’re an Investment

Workers and Wages Aren’t a ‘Cost,’ We’re an Investment

Reading last month’s Politico Morning Shift column, this sentence stood out in a short piece on Wisconsin Republicans’ efforts to repeal the state’s prevailing wage law: “That’s an 80-year law requiring that workers on construction jobs for local and state governments be paid a wage that the state determines to represent the prevailing norm—a calculation that tends to raise labor costs.” The bias in that construction is pretty simple, and it's one that is often repeated by journalists despite it being a very clear anti-worker frame: Workers are a “cost” and not an investment and not the part of a business that does the work that creates the company’s profits. In other words, this common construction says workers are a pesky obstacle instead of the source of revenue a company needs to survive and grow.

When was the last time you heard a reporter refer to CEO pay as a “labor cost,” despite the fact that for many companies these massive payouts are much bigger than the amount any prevailing wage law might increase worker pay? When was the last time you heard other common costs such as buying machines to build products or raising investment capital, as a similar type of burden? When was the last time we talked about worker compensation as an investment that grows a business? When was the last time you heard about how hiring workers and compensating them well increased profits for a company, when the evidence is pretty clear that such a thing happens all the time?

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Third Year of Korea FTA Data Released, Show Failure of Obama’s ‘More Exports, More Jobs’ Trade Pact Promises, Further Burdening Fast Track Prospects

Ben Beachy

Ben Beachy Research Director, Public Citizen's Global Trade Watch

Today’s release of U.S. government trade data covering the full first three years of the U.S.-Korea free trade agreement (FTA) reveals that the U.S. goods trade deficit with Korea has more than doubled. In addition, today’s U.S. Census Bureau data show Korea FTA outcomes that are the opposite of the Obama administration’s “more exports, more jobs” promise for that pact, which it is now repeating with respect to the Trans-Pacific Partnership (TPP) as it tries to persuade Congress to delegate Fast Track authority for the TPP.

U.S. goods exports to Korea have dropped 6 percent, or $2.7 billion, under the Korea FTA’s first three years, while goods imports from Korea have surged 19 percent, or $11.3 billion (comparing the deal’s third year to the year before implementation). As a result, the U.S. goods trade deficit with Korea has swelled 104 percent, or more than $14 billion. The trade deficit increase equates to the loss of more than 93,000 American jobs in the first three years of the Korea FTA, counting both exports and imports, according to the trade-jobs ratio that the Obama administration used to project gains from the deal.

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Mother Jones’ Priorities Are America’s Priorities

Mother Jones’ Priorities Are America’s Priorities

Union Matters

Fantasy Politics

Bashing liberals is a time-honored sport on the far right.  Bashing the Clintons can therefore legitimately be compared to fantasy baseball.  In each of these, one can construct one’s own reality, related to facts no more than one wishes.

A major-league example of Clinton bashing is the book Clinton Cash, by Peter Schweizer, founder of the Government Accountability Institute.  Mr. Schweizer is a conservative with a history of getting it wrong.  According to Media Matters, his most recent work continues that tradition.

Right-wing snark of recent years, like the purple-heart Band-Aids that mocked John Kerry’s Presidential candidacy in 2004, has often been funded by uber-wealthy conservatives.  In the case of Clinton Cash, the folks behind the screen are, apparently, the Koch Brothers.

These siblings are no slouches when it comes to keeping conservative causes afloat; their efforts have included bankrolling the campaign to prevent the recall of Wisconsin Gov. Scott Walker.  Operating as they do so far under the radar, the Koch Brothers’ efforts to distort the information that underlies our electoral process might seem almost impossible to overcome.  But they’re mot.

Not even the Koch Brothers have enough money to outstrip the votes of millions of motivated Americans.

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