May Day Protests: Making U.S. Presidential Candidates Pay Attention
Portent of Inflation on the Horizon?
My parents (35 and 15 years) and I (for four years) worked at Boeing under the IAM, machinists union. Every three years, the union enters into negotiations with the company over such issues at pay, benefits, vacation and sick leave, and retirement. This year, theMay Day Protests: Making U.S. Presidential Candidates Pay Attention
Date: May 1, 2008When I worked in the factory during the 1980s, the last period of high inflation, we received an adjustment to our wages to compensate for the rising costs of credit and consumer goods. We appear to be nearing such a time again. My economist husband tells me that such a wage adjustment would be very unlikely since it contributes to inflation. Yet, workers that received 3% yearly bonus pay to compensate for the rise of inflation, now look around and want to know, why hasn't their base pay increased to permanently compensate for that rise. And will they also get a bonus to compensate for the coming years inflation? Twenty percent wage increases seem unlikely. Boeing workers are not the only ones concerned about maintaining wages after an era of high corporate profits. Contract negotiations have already begun for some Boeing workers in Kansas.
According to Reuters, on April 27-29, 2008 1,200 workers at the Grangemouth Oil Refinery in Scotland caused BP to shut down the oil fields, exacerbating already high fuel prices. Their issues related to their pension plan.
In the US, Indybay reports ILWU workers called for a shutdown of the west coast ports for the day to protest the war in Iraq. AP reports longshoreman walking picket lines. Is this show of solidarity just about the war?
When I worked at the Port of Seattle, longshoreman negotiated with Port authorities over traffic along their delivery routes. Seattle's Department of Transportation is working on some of the issues. No trucker wants to sit idly in traffic with high fuel costs.
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