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Today in Labor History

March 29, 1948
 “Battle of Wall Street,” police charge members of the United Financial Employees’ Union, striking against the New York Stock Exchange and New York Curb Exchange (now known as the American Stock Exchange). Forty-three workers are arrested in what was to be the first and only strike in the history of either exchange.  ~Labor Tribune

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Updated: Mar. 29 (06:04)

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Carrier Deal an Empty PR Stunt; Incentivizes Bad Corporate Behavior
Posted On: Dec 01, 2016
Dec. 1, 2016  | JOBS | … Here is what we know about the Carrier deal. The company had planned to close its Indianapolis plant and ship about 2,000 jobs to a new facility in Monterrey, Mexico, where it can get away with paying workers $19 a day…After the election and a call to its CEO from the new president-elect, Carrier’s parent company, United Technologies, hammered out a deal…It feels like a victory to the 850 people whose jobs were saved, along with their families. And no one wants to downplay the importance of that – though it should be noted that, rather ominously, the steelworkers union that represents the plant’s worker was completely shut out of the negotiations between the company and the government. Who knows if the company will later claim that the remaining workers need to take a pay cut to make the deal’s numbers work?… What a deal like this does is incentivize other CEOs to threaten to offshore their companies unless the United States president offers them a specific deal to stay… salon.com
 
 
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