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michael
The Damage Report
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Comments by "michael" (@michaeld4861) on "Alabama Coal Miners Strike Over $6/Hour Pay" video.
Wow, $1.50 raise over 5 years!! that's not even close to keeping up with inflation let alone a raise since it was a $6 pay cut to begin with. I'm willing to bet the CEO's didn't take any pay cuts. Damn, such loyal workers treated like such shit.
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I think a lot of corporation/manufacturing is going that way sadly. I live in Michigan and some of the only manufacturing jobs here do that same thing, always keep you on temp status or let you go to hire other desperate people that will work for cheaper. I wonder if conservatives in that situation see government (the Left) spending money and think "oh, no, I'm gunna have to pay for that outta my paycheck too?". When people see the words Democrat and spending they just assume it's going to be taking your money and giving to couch potatoes and don't realize that infrastructure benefits everyone and provides many good jobs in the process.
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But they can afford it..... They just don't want to pay their workers more. "Their sacrifices—tied with the transfer of the mine from Walter Energy to its current ownership, a conglomeration of many big Wall Street names like the investment giants Blackrock, JPMorgan Chase, Vanguard, SSgA, and Fidelity Management—not only kept the mine operational but have led to record productivity. Two of the past five years have seen record output and profitability, but the benefits of those gains have only accrued to the owners and management. "The management at Warrior Met is now asking for even more concessions from the workers, despite having enough operating capital to give bonuses to company executives and $35,000 bonuses to managers."
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@rolandolaserie6935 How do you know they make $35/hr? It doesn't seem to say anywhere. However it does say this: "Their sacrifices—tied with the transfer of the mine from Walter Energy to its current ownership, a conglomeration of many big Wall Street names like the investment giants Blackrock, JPMorgan Chase, Vanguard, SSgA, and Fidelity Management—not only kept the mine operational but have led to record productivity. Two of the past five years have seen record output and profitability, but the benefits of those gains have only accrued to the owners and management. The management at Warrior Met is now asking for even more concessions from the workers, despite having enough operating capital to give bonuses to company executives and $35,000 bonuses to managers." Even at $35/hr, (then minus 6) being forced to work overtime is a 45% wage reduction!!! Because they no longer get overtime pay.
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Absolutely!
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