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  1. #51
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    One-Time Bonuses and Perks Muscle Out Pay Raises for Workers

    Yacht-sized bonuses for Wall Street big shots and employee-of-the-month plaques for supermarket standouts are nothing new, but companies’ continued efforts to keep costs down have pushed employers to increasingly turn to one-off bonuses and nonmonetary rewards at the expense of annual pay raises.

    “There is a quiet revolution in compensation,” said Ken Abosch, a partner at Aon Hewitt, a global human resources company. “There are not many things in the world of compensation that are all that radical, but this is a drastic shift.”


    According to Aon Hewitt’s annual survey on salaried employees’ compensation, the share of payroll budgets devoted to straight salary increases sank to a low of 1.8 percent in the depths of the recession. It dropped to 4.3 percent in 2001, from a high of 10 percent in 1981. It has rebounded modestly since the recession, but still only rose 2.9 percent in 2014, the survey of 1,064 organizations found. (These figures are not adjusted for inflation.)



    Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 percent of payrolls. Ten years later, that share had more than doubled to 8 percent. Last year, it hit a record 12.7 percent.

    Of course, companies have long rewarded top executives and rainmakers with bountiful bonuses — and that continues to be true — but compensation experts say the prevalence and types of one-time rewards and perks have spread further down the ranks than ever before. Although pay-for-performance rewards for top achievers and signing bonuses to attract talent account for most of the one-shots, they also include companywide amenities and targeted perks, like lunches out with the boss or Visa gift cards.


    “It affects the C.E.O. all the way down to the guy who sweeps the factory floor,”


    Over the past 12 months, real average hourly earnings have increased by just 2.2 percent. Since 1979, most of the gains in pay have gone to those at the top of the salary pyramid while, except for brief periods in the 1980s and late 1990s, those in the middle and at the bottom have been losing ground.

    There are several developments that help account for wage stagnation. The economy’s globalized and technological nature, which has placed more bargaining power in the hands of employers, and long periods of relatively high unemployment — compounded by waves of layoffs and excessive numbers of discouraged and underemployed workers, leaving some employees fearful to ask for more.

    http://www.nytimes.com/2015/05/26/bu...s&emc=rss&_r=0


    The American Dream! You have to be asleep to believe it.



  2. #52
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    Millionaire McDoh franchisee and vampire-squid banking system ing low-wage employees.


    McDonald’s Worker Lawsuit In Pennsylvania Prompts Wall Street an To Volunteer Refunds


    Paying employees through prepaid debit cards that incur fees when workers try to withdraw their cash is illegal in Pennsylvania, a judge ruled Tuesday. The lawsuit targeting a McDonald’s franchisee in the eastern-central part of the state has already prompted a powerful Wall Street bank to voluntarily give money back, a lawyer for the plaintiffs told ThinkProgress on Wednesday.

    The case began in 2013 after a woman named Natalie Gunshannon sued a couple who own and operate multiple McDonald’s franchises in the state. The owners, Carol and Albert Mueller, had been using payroll debit cards provided by JP Morgan Chase rather than traditional paychecks or direct deposit payroll systems. After Gunshannon filed suit, the couple began offering direct deposit and traditional checks as alternatives to the payroll cards, which had previously been workers’ only option.


    Gunshannon and other workers faced
    a $1.50 charge every time they used an ATM to access their wages, and a $5 charge for withdrawing the money over the counter at a cash register. Where a worker who misplaced a standard paycheck would be able to get a replacement check, the JP Morgan Chase prepaid cards charged a $15 replacement fee if lost or stolen. Paying bills online with the card meant spending an additional 75 cents on bank fees, and merely checking the balance of a card triggered a $1 fee.

    The Muellers’ hourly workers were charged such fees nearly 47,000 separate times from the fall of 2010 to the summer of 2014, according to an expert witness in the case. That works out to roughly 20 separate fees per person in the class over a 45-month period.

    Store managers, meanwhile, were offered direct deposit forms to receive their pay without facing the card fees.


    When Gunshannon’s claim gained class action status earlier this year, all 2,380 hourly workers at the Muellers’ chain were able to join the case. Each of those workers would be en led to a $500 damages payment plus the reimbursement of all the fees they were charged by the payroll cards, should the Muellers’ appeal of Tuesday’s ruling ultimately fail. In that case, the couple would have to pay out roughly $1.2 million in damages, unless they are able to strike a settlement with the workers’ attorneys.


    Because the class action decision raised the stakes so significantly, that May ruling was in some ways a bigger deal than Tuesday’s finding that the Muellers had broken the law. The class status ruling in May certainly got Chase’s attention, plaintiffs’ attorney Michael Cefalo told ThinkProgress.


    “Our lawfirm became bombarded with telephone calls. All of the class members were getting a form letter from Chase saying, we have decided to refund you all of the fees you have paid Chase,” Cefalo said. “We were shocked.” The voluntary payments from Chase ranged from as little as a penny to as high as $148, the attorney said. A call to the bank’s press office about the payments was not immediately returned.


    The checks do little to shield the Muellers from the potentially backbreaking damages payments mandates by Pennsylvania’s Wage Payment and Collection Law. And while the money is nice, Cefalo said, it doesn’t erase what the McDonald’s franchisees and Chase did to his clients.


    “Say I come up to you and I have an armed robbery, and then I say ‘I’m sorry, here’s your money back.’ I still committed a robbery,” he said. “You still paid ‘em the wrong way.”


    http://thinkprogress.org/economy/201...chase-refunds/

  3. #53
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    Feast for investors sells workers short

    As US companies spend billions repurchasing shares, employees and economy may pay the price

    Ordemann and his team were laid off, along with 100 others in Boxborough, part of a sweeping cut of 6,000 employees that hit 8 percent of Cisco’s overall workforce.
    “Cisco was so easily willing to let us go; it just seemed mad to me,” Ordemann said in an interview, as he recalled the “dead quiet” reaction to the layoffs.

    This was not, however, the case of a company cutting back because it was struggling to make a profit. To the contrary, Cisco’s chief executive officer, John T. Chambers, this month called the California-based company a “cash and profit machine.” Cisco has a cash stockpile of $53 billion,

    The Boxborough workers learned that at the same time they were being laid off the company was continuing to spend billions of dollars to buy back its own stock, a move designed to reduce the number of shares on the open market and perhaps boost its relatively stagnant share price.

    This stock buyback boom, while obscure to much of the public, has become one of the most pervasive and divisive practices in corporate America. It affects jobs, investment, and the health of the economy, all in the search for higher share prices. It is also a major driver of the widening economic divide in this country, which could make it a prominent issue in the 2016 presidential election.

    It boils down to a basic question being asked more and more these days, and not only by workers in Boxborough: Why are so many companies spending record sums of money buying back their shares instead of reinvesting more of their profits in their business and their workers?

    Buybacks are booming because US companies have earned record profits and are hoarding a vast amount of cash. The companies use buybacks to share some of that wealth with their executives and shareholders. Many CEOs were given record compensation, and shareholders may have benefited from higher stock prices.
    But most stock is owned by the nation’s wealthiest 10 percent; about half of Americans don’t own a single share, directly or indirectly.

    And buybacks can squeeze the economy in another way: Dollars not reinvested by a company in expanding their business can also mean fewer jobs in construction and other fields.

    “The reason [companies] buy back their stock with cash is because they don’t have productive ways to invest the money,” said Peter Morici, a University of Maryland business professor who has written about buybacks. Boosting the share price through buybacks enables “individuals to reinvest in the economy more productively.”

    http://www.bostonglobe.com/news/nation/2015/05/30/companies-pour-billions-into-buying-back-stock-but-workers-and-economy-may-paying-high-price/8vi1toy4kZBr59ykKYzdNL/story.html


    echos of HP saying they needed more profitability, so the ed 20K people out of their jobs.

    Capitalism is for capitalists, everybody else gets ed


  4. #54
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    To Keep Good Workers, Some Employers Are Trapping Them

    In olden days, the way you kept good workers was to pay them more. That’s no longer the case in many jobs. Companies have been using “noncompete” agreements to stop these workers from seeking better compensation at rival companies.

    Originally designed to stop tech whizzes from taking company secrets to higher bidders, these noncompete agreements are being forced on workers loading boxes at warehouses or assembling sandwiches so that they can’t go to the warehouse or sandwich shop down the block.


    Such agreements have been challenged at Jimmy John’s sandwich franchise and Subway, among others. According toThe Huffington Post, the Jimmy John’s contract forbids an employee to work at any company making more than 10 percent of revenues “from selling submarine, hero-type, deli-style, pita and/or wrapped or rolled sandwiches” within 3 miles of a Jimmy John’s (anywhere in the country) for two years.


    The practice is outrageous, and a new bill before Congress would bar noncompete contracts for jobs paying less than $15 an hour. Introduced by
    Sen. Al Franken (D-MN) and Rep. Chris Murphy (D-CT), the legislation is aptly named the MOVE Act, which stands for the Mobility and Opportunity for Vulnerable Employees Act.

    The need for such protections is truly a sign of these times. It reflects the increasingly skewed balance of power favoring top dogs over their delivery truck drivers.
    Hotshot execs keep telling us that their companies have to pay them a zillion dollars an hour to attract rare talent such as theirs. You know, the supply and demand thing.

    When brilliant execs themselves are in short supply, you have to pay more for them.

    But somehow, respect for the labor market’s law of supply and demand fades the lower down the corporate ladder you go. So here you have guys making $15 an hour and doing a good enough job that a company across town might pay them $17 an hour to do the same thing, but they can’t go.

    Rather than give them a raise, employers wave these agreements workers had to sign as a condition of being hired. Lower-skilled workers rarely challenge them, although they can. (The employer has to demonstrate that the workers could expose privileged information to its compe ors.)


    Some companies are paying off former employers to get higher-skilled workers out of noncompete agreements. California has virtually banned all types of them.

    http://www.nationalmemo.com/to-keep-...trapping-them/



  5. #55
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    The Low-Wage Quagmire

    According to basic economic theory, the wallets and purses of low-wage workers in Santa Barbara and Goleta should be expanding. An unemployment rate of just 4 percent should be driving up wages as employers compete for the best workers. But a new study conducted by UC Santa Barbara scholars reveals something quite different: stagnant wages, pervasive wage theft and many people working while sick because they lack health insurance or sick leave.

    The survey exposes the plight of the working poor — especially undo ented immigrants — and demonstrates a need for further study, noted Nelson Lichtenstein, MacArthur Foundation Professor in History at UCSB and director of the campus’s Center for the Study of Work, Labor, and Democracy. “Wages should be higher, right? They are not,” Lichtenstein said. “What’s that all about? We need to investigate that more closely. That’s inexplicable in a theoretical sense.”


    The initial idea behind the survey, according to Lichtenstein, was to gather information and explore the basis for a minimum wage referendum in the City of Santa Barbara, where the minimum wage is $9 per hour. Other researchers contributing to study are Eileen Boris, the Hull Professor in the Department of Feminist Studies, and Alice O’Connor, professor of history.


    The study is based on a survey of 124 low-wage workers, slightly more than two-thirds of whom are Hispanic. The high proportion of Hispanics reflects their prevalence among the South Coast’s working poor, Lichtenstein explained. “We did want to focus on low-wage workers,” he said. “We’re not claiming that this survey represents everyone in the county, or even every low-wage worker. The point we’re making is that if you’re undo ented, then everything is worse — wage theft, lack of sick leave, lack of health care, et cetera.”


    Although the sampling size was limited, the results largely mirror those of the UCSB Economic Forecast Project’s report, which was released May 21 and 22. “It turns out this thing was pretty accurate, and I’ll tell you why. It accords very closely with the statistics put out by the Economic Forecast,” Lichtenstein said.


    One unexpected result of the survey was how much low-wage employees work while sick — and the deep resentment it generates. More than half of those surveyed reported working while sick in the past year. The most common reasons given: being unable to afford a day off and the fear of being fired. Non-citizens worked an average of 14 days while sick, while citizens worked 10. Agriculture and food service workers had it worst: They worked between 22 and 25 days while sick.

    http://scienceblog.com/78887/lowwage...ir5YB07hudY.97



  6. #56
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    What? Can America be thinking about catching up to more civilized industrial countries?

    New Momentum on Paid Leave, in Business and Politics


    Oregon this month became the fourth state to pass a bill requiring that companies give workers paid sick days to care for themselves or family members.

    Chipotle said this month that it would begin offering hourly workers paid sick and vacation days, joining McDonald’s, Microsoft and other companies that have recently given paid leave to more workers.


    And in a speech meant to preview her presidential campaign, Hillary Rodham Clinton put paid leave at the center of her platform. No one, she said, should have “to choose between keeping a paycheck and caring for a new baby or a sick relative.”


    Long a pet Democratic cause that seemed hopelessly far-fetched, paid leave suddenly seems less so. With pay for most workers still growing sluggishly — as it has been for most of the last 15 years — political leaders are searching for policies that can lift middle-class living standards. Companies, for their part, are becoming more aggressive in trying to retain workers as the unemployment rate has fallen below 6 percent.


    http://www.nytimes.com/2015/06/22/up...abt=0002&abg=1




  7. #57
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    The campaign to weaken worker protections

    Who's to blame for thousands of work-related deaths and illnesses each year? Business, Congress, the White House and federal agencie


    America’s flimsy workplace health and safety protections are no accident.

    Problems that contribute to the daily toll of illnesses, injuries and deaths — from outdated chemical-exposure standards to tiny fines for major violations — come after decades of concerted efforts to delay fixes and weaken the Occupational Safety and Health Administration’s authority.

    It’s jammed the gears of the regulatory system to the point that they hardly turn. OSHA issued seven health standards in the last two decades — one of which was revoked by Congress — compared with six in 1978 alone.

    As a result, most of the agency’s exposure limits are more than 40 years old.

    And tens of thousands of chemicals, including some that the federal government has known for years are hazards, have no limits at all.


    There’s plenty of blame to go around. Business interests, lawmakers, federal agencies and the White House have all played a role.

    http://www.publicintegrity.org/2015/...est+Stories%29



  8. #58
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    Obama's EXEC waging war on the VRWC/Repug War on Employees

    White House to make more workers eligible for overtime

    Millions more U.S. workers will be eligible for overtime pay under a draft rule to be announced by the federal government as early as Tuesday, Bloomberg News said on Monday, citing an Obama administration official who spoke on condition of anonymity.

    The Department of Labor would raise the minimum salary for exempting employees who work more than 40 hours a week from the requirement to be paid overtime to $970 a week, or about $50,440 a year, in 2016, Bloomberg said.

    Many employees now earning as little as $455 a week, or $23,660 a year, are ineligible for overtime because they are classified as managers.

    The increase in the salary limit would make overtime available to 15 million more workers, Bloomberg said, citing an estimate by Ross Eisenbrey, vice president of the Economic Policy Ins ute, a left-leaning research body partly funded by unions.

    http://www.reuters.com/article/2015/...e=domesticNews


    Obama/Dems doing the exact opposite of the Repugs screwing people out of earnings. Thanks, Repugs!

    Longer Hours, Less Pay – Labor Department’s new rules could strip overtime protection from millions of workers

    In all, 1.4 million low-level, salaried supervisors will lose their overtime rights, along with 548,000 hourly supervisors, who could be switched to being paid on a salary basis and thus denied overtime protection.

    More than 900,000 employees without a graduate degree or even a college degree will be designated “professional employees”
    and lose the right to overtime pay, even if their pay and status fall far below that of degreed employees. As many as 2.3 million team leaders with no supervisory authority will be exempted as “administrative employees” even if they are line or production employees.

    http://www.epi.org/publication/briefingpapers_bp152/

    Tell us again how the Dems and Repugs are identical!






  9. #59
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    Awesome. Now workers depending on overtime can watch it vanish as companies restrategize their wage methodologies to eliminate the extra payroll impact. Overtime? Nah. Pay reductions? Gotta pay for the one's that do pop over the threshold. That's gonna be great!

  10. #60
    I play pretty, no? TeyshaBlue's Avatar
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    and lo ingl EPI.

  11. #61
    I play pretty, no? TeyshaBlue's Avatar
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    Makes way more sense to just pay/legislate a living wage and be done with it instead of byzantine bureacratic creations.

  12. #62
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    TB did you when the Repugs screwed several 100K workers out $Ms by killing their overtime, not just govt workers but ALL workers?

    FLSA is an ancient law, not Obama's law, that hadn't been touched for decades except for Repgus screwing employees in 2004. Did you whine and in 2004?

    "Now workers depending on overtime" TB the affect workers aren't getting OT now, so how do they depend on it? Your FUD and predictions about this are in the same bull about Ms of companies screwing workers down to 29 hours to avoid ACA benefits. Overall and on average, that just didn't happen. iow, RIGHT WINGERS WERE AND ARE WRONG AGAIN


  13. #63
    I play pretty, no? TeyshaBlue's Avatar
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    Makes way more sense to just pay/legislate a living wage and be done with it instead of byzantine bureacratic creations.
    ing moonbat....cant stop your nonsensical babbling long enough to read.

  14. #64
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    ing moonbat....cant stop your nonsensical babbling long enough to read.
    Obama doesn't have the votes in legislature, ing asshole, so he does what he can, "I have a pen and phone", by raising minimum wage to Fed govt contractors, giving govt employees wages hikes, qualifying more them for overtime.

    YOUR Repug buddies would screw employees even more, like they did in FSLA 2004.

  15. #65
    I play pretty, no? TeyshaBlue's Avatar
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    Workers are getting overtime now dumbass...it didnt just dissappear. , my wife gets, and counts on at least 5 - 10 hrs/wk. She's not alone. They can kiss it goodbye.
    http://www.nationalreview.com/articl...fixing-workers

  16. #66
    I play pretty, no? TeyshaBlue's Avatar
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    Obama doesnt have votes!

    ing moonbat.

  17. #67
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    Workers are getting overtime now dumbass...it didnt just dissappear. , my wife gets, and counts on at least 5 - 10 hrs/wk. She's not alone. They can kiss it goodbye.
    http://www.nationalreview.com/articl...fixing-workers
    your anecdote is useless, GFY

    bogus "supervisors" don't get OT, thanks to Repugs in 2004.

  18. #68
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    Obama doesnt have votes!

    ing moonbat.
    ing asshole, Repugs control Congress. GFY

  19. #69
    I play pretty, no? TeyshaBlue's Avatar
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    your anecdote is useless, GFY

    bogus "supervisors" don't get OT, thanks to Repugs in 2004.
    Its not an ancedote, simpleton. It's a fact.

  20. #70
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  21. #71
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    some workers get OT, sure, duh, GFY

    Ms of workers have been DENIED OT by the Repugs since 2004, by Repugs bogusly promoting them to "supervisors"




    http://www.vox.com/2015/6/30/8868899...e-minimum-wage

  22. #72
    I play pretty, no? TeyshaBlue's Avatar
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    And now, workers getting overtime can get theirs cut. Im sure they will be greatful.


    Some likely will.

  23. #73
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    And now, workers getting overtime can get theirs cut. Im sure they will be greatful.


    Some likely will.
    nearly all the propaganda predictions by you rightwingnuts about the destruction of USA, job losses, etc from ACA were not only wrong, but the OPPOSITE happened.

    Someone now working 45 - 55 hours week for $XXX will maybe now be working only 40 hours/week, for the same $XXX, because the exploitative employer refuses to pay OT. Same $, but more time to have a life (or get a second job).

    People getting paid OT now, what changes?

    Obama REVERSING a huge aspect the Repugs' WAR ON EMPLOYEES.

    Real Household income has been effectively stagnant for since St Ronnie was elected. It's WAY PAST TIME for households to pocket some the growth in vastly increased wealth and GDP.

    This is another case of govt protecting Human-Americans from Corporate-Americans, because, with the VRWC/Corporate-Americans destroying unions, Human-Americans are divided, isolated, powerless.

  24. #74
    I play pretty, no? TeyshaBlue's Avatar
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    Someone now working 45 - 55 hours week for $XXX will maybe now be working only 40 hours/week, for the same $XXX, because the exploitative employer refuses to pay OT. Same $, but more time to have a life (or get a second job)

  25. #75
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    “I think America is out of hand”: The shocking numbers that reveal just how burnt out American workers are

    Productivity has exploded in the American workforce in recent years, but at a terrible cost

    The American worker is overworked, underpaid, and suffering from severe burnout.

    This sentiment isn’t populist rhetoric, there are numbers to back it up. A new studyfrom Staples Advantage and WorkPlaceTrends — an HR-focused research firm — polled over 2,500 workers and reached troubling results. According to the data, 53 percent of American workers report feeling burned out at work.

    With current working conditions, it’s easy to see why. A 2012 study concluded smartphones and tablets enable employers to further colonize a worker’s time to the tune of two extra hours a day since they can be reached at all hours. In 2014, Gallupestimated the typical American workweek was 47 hours, not 40; the American worker was toiling for almost a full extra day. Of the workers this recent study polled, more than half worked a day longer than eight hours.

    “This isn’t the workplace of 10 years ago,” Dan Schawbel, founder ofWorkPlaceTrends, co-author of the study, and author of the New York Times bestselling book Promote Yourself, told Salon. “There’s a lot of pressure. And it’s compe ive in the sense that anyone in the world could take your job for less money, so you have to work harder.”

    And work harder Americans have. Some work so hard it kills them, like a Bank of America intern who passed away after working 72 hours straight. Because of this occupational devotion (or occupational desperation), productivity has exploded by over 400 percent since 1950.Yet wages haven’t budged — at least not for most Americans. The richest 1 percent, however, have seen their average income surge by over 240 percent.

    Yet, bizarrely, the study reports a vast majority of workers at 86 percent still claim to feel happy and motivated.

    “My thought is that workers have accepted the new reality of the workplace,” Schawbel said. “A lot of them are just happy to have a job in general…Many workers are just trying to keep their job, and then excel at their job, because it’s not like people are getting paid to work the way they were ten years ago, so you have to play catch up.”

    But, according to the study, Americans don’t seem concerned about this as perhaps they should be. When Canadian workers were asked about work-life balance, 56 percent cited it as a top concern when looking for work as opposed to only 46 percent of Americans.

    The upshot of this trend is anemic, and perhaps even nonexistent, personal lives. AsSalon reported earlier this year, many Americans feel they don’t get enough free time due to their constantly lengthening workdays. Is it any wonder America ranks 25th in work-life balance and dead last among major nations in time devoted to leisure and personal care?

    http://www.salon.com/2015/06/29/i_th...n_workers_are/


    Americans are so ed over by "work", they're so desperate to hang on, that they don't want to admit they are ed over.

    VRWC/BigCorp War on Employees is a total, unstoppable victory.

    Live to work (in a ty) job while losing real income, not work to live. GAMEOVER

    And VRWC wants to privatize (steal) social security and raise retirement to age 70.


    http://www.salon.com/2015/06/29/i_th...n_workers_are/



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