Thursday, September 17, 2015

Thom's blog

The data is in: Unions work very, very well for workers!

  It's official, unions are still very, very good for workers. According to not one, but two new reports, collective bargaining is the best way tool we have to raise wages and increase opportunity for workers.

The first report was released by The Center for American Progress on Wednesday, and it focused on economic mobility and "the ability to improve upon the economic situation of one's birth."

The authors of that study found, "a strong relationship between union membership and inter-generational mobility." In other words, children who grew up in union households were more likely to lead a better life than their parents.

The other analysis, which was released Friday by the AFL-CIO's Center for Strategic Research, draws a clear line between union membership and higher wages.

Separately, and together, these reports show how important it is to protect our collective bargaining rights, and why we should celebrate when workers declare a victory.

According to the AFL-CIO report, in the first half of 2015, workers who bargained for new contracts saw an average wage increase of 4.3%. And, despite the Right's best efforts, even more employees will fight to form unions in the upcoming year.

Richard Trumka, president of the AFL-CIO, said, "This report provides clear evidence that joining a union and bargaining with your employer is the most effective way to give workers the power to raise their own wages." He added, "When working people speak with one voice, our economy is stronger, and all workers do better."

The Republican war on unions hasn't stopped people from organizing, but we need to fight hard to make sure our collective bargaining rights don't disappear.


(What do you think? Tell us here.)


Anonymous said...

Hello my fellow blue collar workers....So im the same guy that warned my CONWAY Coworkers about Conway being restructured and no one listened.Well you guys see what happed to Conway.and if you don't know yet well CONWAY will be no longer in about 2 months.and thats just the beginning of the restructure.A lot of conway workers are about to loose their jobs due to consolation of some location.,But any ways thats Conway.Now I will warn all you at Fedex.Your top management is also working on restructuring FedEx in a big way.Don't get me wrong it's not as bad as Conway but Fedex will be doing a lot of changes and it will be effecting everyone that works for Fedex.and yes this includes the lower managers and supervisors.Some of you might want to get your Resume updated and polished.Your top managers aren't happy and they will be doing some restructuring to get a better bottom line.And if some of you don't believe me well give it about 3 months and you will find out.Of course Now that I have posted this warning management might and thats a big might change their plans for a bit later...Just remember people YOUR NOT IN CONTROL OF ANYTHING AT FEDEX....

Anonymous said...

Shoot I almost forgot to post a little teaser of whats going on at FedEx.

FedEx missed earnings yesterday and lowered its full year outlook.
We think the ensuing dip in shares represents attractive entry spots, and we'll consider adding FDX on the way down.
We continue to believe FedEx will eventually find itself above $200, and we're long term bulls.
Do we think that Federal Express (NYSE:FDX) is starting to make fools of us? It has been two earnings reports that have gone by where we have recommended the stock into the report, and the report has failed to impress the street. Believe it or not, we don't see this as a bad thing, as our bullishness on Federal Express is for the long term, and short-term pullbacks in the share price appear to us as buying opportunities....


Anonymous said...

FedEx execs punch back during earnings call
Wed, Sep 16, 2015 • FDX •
FedEX (FDX -3.4%) plans to add 55K employees for the holiday season.
Last year, the Memphis shipper added 50K employees.
Shares of FDX are lower today after guidance issued by the company disappointed. During the earnings call, CEO Fred Smith tried to label extra funds set aside for self-insurance as transitory, although analysts pushed back over the point. The guidance "miss" was based off of analysts' expectations - not internal guidance, observed Smith. He also noted that FedEx is well-positioned for the upcoming holiday season.