United Airlines is winning

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The fact


United Airlines is about to outsource 630 gate agent jobs at 12 airports to companies paying near-poverty level wages. Employees who have been with the company for years, earning middle-class wages of $50,000 a year, will be replaced by out-sourced people paid between $9.50 and $12 per hour.

United says it must do this to cut costs and raise its profits relative to other airlines. But United CEO Jeff Smisek gave himself $8.1 million this year. Well, coincidentally $6.1 million is about as much as the pay of those 630 employees.


why is it borderline?


The problem isn’t that typical workers are paid more than they’re “worth” in the market. It’s that they have no bargaining power, while too many CEOs and other top executives have the power to pay themselves almost whatever they want.

Just another evidence that some companies are trying to win a race to the bottom of the pit, a race where nobody wins, that inevitably lead to a system collapse.

This isn't the fault of the CEO - he is after all following his "best practice" agenda given by the best book of smart economics - to cut costs and raise its profits in order to say in the competition, this isn't the fault of the 630 employees or the new agents that will get their previous job.

Move along people, we are just witnessing a move into an even more broken economic system, broken by design, ... where everybody is meticulously doing his job, a job where morality has no place, and where insanity is rampant.

Source : http://www.reuters.com/article/2014/07/08/us-unitedairlines-employment-idUSKBN0FC2GG20140708


How do redress this power imbalance? Some call for stronger unions and greater shareholder say over CEO pay, but I'm increasingly of the view we have to change the organization of the corporation so that it has to respond to all stakeholders -- not just its shareholders but also its workers and affected communities.

There certainly was a movement sometime ago to redress the power imbalance - looks like it has no message ....

The shocking truth about the crackdown on Occupy | Naomi Wolf | Comment is free | guardian.co.uk

So, when you connect the dots, properly understood, what happened this week is the first battle in a civil war; a civil war in which, for now, only one side is choosing violence. It is a battle in which members of Congress, with the collusion of the American president, sent violent, organised suppression against the people they are supposed to represent. Occupy has touched the third rail: personal congressional profits streams. Even though they are, as yet, unaware of what the implications of their movement are, those threatened by the stirrings of their dreams of reform are not.

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