Obama administration spearheads wage cuts for American workers --Chrysler, GM set the pace By Patrick Martin 05 May 2009
The wage cuts imposed on auto workers at Chrysler and General Motors at the insistence of the Obama administration demonstrate the class strategy that American big business as a whole is carrying out: to impose a reduction in the living standards of American workers on a scale unprecedented since the Great Depression. The White House has given the green light for nationwide wage-cutting with its demands on Chrysler and GM workers, who have seen wages for new-hires slashed by 50 percent, along with the abolition of cost-of-living raises and cuts in vacation pay.
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