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Today in Labor History

Feb. 12, 1818: Abolitionist Frederick Douglass born into slavery near Easton, Md.

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Bust a Union…Crash a Global Economy
Posted On: Nov 14, 2012

Nov. 14, 2012 | …What on earth does union busting have to do with crashing an entire global economy? Let's take the USA first. It doesn't take a Ph.D in economics to figure out that people will do what they need to survive. As union busting became a national sport here, wages remained frozen or even declined. But our financial system came to the rescue with that magic plastic we called credit cards and that magic paper we call loan contracts…Debt went through the roof…Debt has become the new slavery. Chains of iron are replaced by chains of plastic and paper…Now you tell me. Was it such a great idea to go on a union busting rampage and pay workers with credit cards and dicey loan contracts instead of decent wages, benefits and low interest loans? Read the full story at Working Class Heroes.


 
 
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