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Today in Labor History

JAN. 23, 1933
Led by metal finishers, 6,000 workers walked off the job over wage cuts at Briggs Manufacturing Company, sparking a strike wave of 15,000 auto body workers that paralyzed Detroit’s auto industry. With scabs trucked in and finished products trucked out under police escort, the company quickly resumed production. When the strike was called off on May 1, strikers were not rehired, but their collective action forced wage increases in the industry.
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Chained CPI: Bargaining With Your Future
Posted On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org


 
 
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