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Thursday, December 22, 2005


Everyday is Labor Day

"In the NY City transit strike, the only issue on the table is the pension plan which many people have heard about. The reason it is an issue is not because the workers (in the words of NYC's billionaire mayor) are greedy. No. It's because instead of being greedy and doing what has become standard practice in this country, they are sticking up for younger workers who haven't even been hired yet.

See, the workers could have averted all this if all they did was say sure, you can cut pensions for the new hires. But they didn't. Instead they went on strike. Imagine that. - Pete From Virginia

Correct me if I'm wrong (and I know you will), but isn't the issue that the union doesn't want new hires to pay more for their pension benefits than older workers, even though the newbie's pensions will surely cost more to deliver?
I will have to correct you on the morrow.
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