Here at the blog, we are always on the lookout when labor and employment issues are in the news. One recent news item that has brought labor issues to the forefront was the struggle between Boeing and its workforce in the state of Washington. Boeing’s International Association of Machinists Union members narrowly approved a new labor contract last week, which effectively sacrificed their pensions for guaranteed work on the new Boeing 777X jet. Although the contract has saved Boeing jobs for their workforce, at what cost? Labor contract’s like these can have a huge effect on middle class workers, especially when there are steep cuts in benefits.
Hedrick Smith, author of Who Stole the American Dream? ponders the implications of this new contract in an opinion piece for the LA Times. Check out the article and listen to the podcast from NPR (link below). With income inequality on the rise, topics like this are sure to merit lots of debate in the coming year.
Listen to the podcast here.
Where do you stand on this issue? Let us know what you think in the comments!