Saturday, November 17, 2007

The New UAW Contract

Much ink (and bytes) has been spilled over the newly negotiated contracts between the UAW and the Big Three automakers--particularly the two-tiered wage structure, which cuts the starting pay for new workers in half. Many of the workers are not happy with the results, either, but voted for the contract because, in their view, a job at $12 an hour, with some benefits, is better than no job at all. That is the economic reality in today's post-industrial capitalist system--those who own the means of production get to make the rules.

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