I am not a big fan of unions. They can be corrupt and abuses of power happen time and again within union leadership. This is because the real issue that we are dealing with in America isn’t capitalism or socialism, it is greed. Human greed leads to the majority of the problems in our world. From war, to hunger, to poverty, human greed is the cause of it all. Sadly unions are needed now more than ever because the leaders of the corporate world cannot be trusted to treat their employees fairly. This is clearly demonstrated in a report released in September of 2010 entitled “Executive Excess 2010: CEO Pay and the Great Recession”.
In this report it shows that CEOs of the top 50 corporations in this country laid off 531,363 workers in 2009. Of those companies, 36 of them announced layoffs even as profits were up. These CEOs are trying to make the most for themselves and their companies, they don’t care what the overall effect of laying off so many workers has on the country. For them it is all about raising their own profile and making more money for the corporation that employs them. What they don’t understand is how much of an effect laying people off and not replacing them has on their remaining workforce. People who are “lucky to have a job” end up working endless hours just to be given scraps at bonus time with the executives get massive pay days.
For thirty years, compensation for corporate managers has skyrocketed from an average of 30 to 1 (compared to the average workers pay) in 1981 to 260 to 1 today. This is Reganomics at its worst. The free market is a great thing if used properly. It encourages growth and prosperity. However it has been used by greedy management types as a tool to fill their own bank accounts while leaving the hard-working employees with pink slips and foreclosed homes.
These management types have used the bad economy as an excuse to cut jobs and pay back even further. When is it going to end? When are the American people going to stand up and say “I deserve to be paid more”? When is our government going to demand that these companies start hiring real jobs? These corporations stole our tax dollars that we gave to the government at gunpoint and then FIRED MORE WORKERS AND KEPT THE PROFITS. When are we going to wake up?
The current business climate is the wild wild west of greed. The sad thing is it doesn’t seem to matter how these companies actually perform. The second highest paid CEO, William Weldon, CEO of Johnson & Johnson, was at the helm when several of their drugs were recalled the previous year. He was punished for this by getting a 2.6 million dollar raise. He made sure he could get this raise by laying off 9,000 employees. It is insanity and it is allowed to continue because the majority of Americans don’t do anything about it.
It is time for the workers of this country to stand up and be counted. We want to work, we want to be fairly compensated for the time we spend at work and away from our families. When CEOs are allowed to give themselves endless raises while firing as many employees they want just to make more money, there is something wrong with the system. The politicians who gave them our money are clearly on the take from these companies. It is up to us to rally and put an end to this madness. Support the workers of Wisconsin and help to spread the message that this greed is no longer acceptable. We can’t afford to wait until another financial meltdown to realize these people are out of control and need to be stopped. Below is the article I used as a reference for my blog.