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40% = 8.77% a year during 4 years.
I agree if its done correctly.
Got to be careful about execs getting paid through shares. My CEO gets millions in shares but only gets paid like 120k. This gets reused in certain indexes and pitched as being a decent ratio of executive to drone pay ratios.
Hopefully he keeps the same message when the executives refuse to make a reasonable offer and "the economy" might suffer again.
I don't think it's as likely that the Feds break this strike like they did with the railroads. Their argument against the rails was that almost every other industry relies on them to move product, while having fewer new cars will only effect the new and used car markets. With however hundreds of millions of usable vehicles that are already out there, this strike doesn't really have the same opportunity to spill over to the larger economy.
I think this would mean more if he actually stood up for the railway workers during their strike.
Gotta give the president props for that, as well as democrats. Didn't realize they got that through. I'd like them to keep pushing for a least 12 national sick days for all mid to major companies.
Would love to see some universal protections.
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It would, absolutely, but it still means a whole lot.
It's a recognition by a slick, seasoned, career politician in the highest office in his country that the winds are shifting with respect to the labour movement.
Don't think of this as Biden expressing any deeply held belief. Don't think of anything he does in those terms. The Democrats in general, and Biden especially, are a mirror that reflects something meaningful about the socio-political environment. Just as Trump and the Republicans are.
He and his team believe that something in that environment has shifted, and that labour is poised to be ok the winning side of that shift.
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