SEARCH
CEOs Get Bailed Out. Workers Get Sold Out |
|
Before she became the first female Labor secretary in 1933, Frances Perkins had seen firsthand the tragedy of Manhattan’s 1911 Triangle Shirtwaist fire. Locked in by their employer, 146 mostly young girls died when they couldn’t escape the burning building where they toiled in sweatshop labor. Later, as the New York industrial commissioner, Perkins held employers accountable for workplace safety and health, expanding factory investigations and championing other pro-worker laws, like unemployment insurance.
Now, imagine if Elaine Chao had been there instead. Rather than improved job safety legislation, Chao likely would have pushed laws forbidding workers to challenge employers for unsafe working conditions, fair pay or anything that would cost greedy employers a dime.
In fact, Chao, the nation’s current Labor secretary, once again has taken the side of Big Business against working people. As Congress debates whether and to what extent to approve the corporate financial dictatorship proposed by U.S. Treasury Secretary Henry Paulson, Chao, on Wednesday, said Congress must pass the bailout “quickly and cleanly.”
Cleanly as in giving Paulson, a political appointee with no accountability, powers so sweeping even the president couldn’t override his decisions.
Quickly, as in making sure the Wall Street CEOs, whose greed outpaced their brains and created the current debacle, get away with golden parachutes and massive bonuses.
(We at the AFL-CIO strongly oppose giving Paulson a blank check on the bailout. More info here and here. You also can tell Congress “No Blank Check for Wall Street” by clicking here.)
Fittingly, Chao was speaking to reporters at an event in posh Fairfield County, Conn., famous for its expensive houses and site of many hedge funds and other financial service companies. She also took the opportunity to dodge a question about whether she favored extending the unemployment insurance time frame, saying Congress already had extended it this year.
(Let’s see…Chao’s Labor Department reported on Wednesday there were 1,772 mass layoffs initiated in August, the most since September 2005, in the aftermath of Hurricane Katrina. And two weeks ago, Chao’s Labor Department reported unemployment worsened from 5.7 percent to 6.1 percent, a figure that economist Jared Bernstein noted in Sunday’s FDL Book Salon is more like 10.7 percent when underemployment is factored in. But I digress. Why would rising unemployment have anything to do with a need to extend unemployment insurance?)
At the same time that Chao was carrying out her role as a Bush-Paulson puppet, a Senate Judiciary Committee hearing examining pay discrimination heard from Lilly Ledbetter. After years of working at an Alabama Goodyear Tire & Rubber Co. plant, Ledbetter discovered she was being paid less than the lowest-paid man doing the same work.
But although a jury awarded her $3.8 million, Goodyear appealed to the U.S. Supreme Court. The Bush-packed Supreme Court essentially said “tough luck,” and Ledbetter now not only is out tens of thousands of dollars in income, but her Social Security and pension are smaller as well.
As Christy at Firedoglake pointed out a few days ago:
Even worse for all of us, the Ledbetter decision has now been cited in hundreds of cases nationwide to justify disparate treatment based on race, gender, age, disability and other reasons to pay someone less or treat them differently because these cases have been jimmied into an analogous argument to what Lilly faced in her claim. The SCOTUS decision effectively undercut decades of precedent on equality in one, fell swoop in favor of companies who want to justify internal discrimination.
Now, let’s imagine Frances Perkins was our current Labor secretary. It’s a safe bet that rather than backing massive CEO pay bailouts while making the rounds in a wealthy New York bedroom community, Perkins would be in those Senate hearings.
Right next to Lilly Ledbetter.
(This is a cross-post from the Firedoglake blog.)
3 Comments
Sorry, the comment form is closed at this time.
Let’s see ….
Corporate employers can a) capitalize on cheap labor by leveraging domestic job opportunities against foreign pay rates, b) get huge tax breaks and subsidies from states suffering from high unemployment rates, c) when business is good, pay little to no capital gains taxes on their investments, d) when business is bad, write off their losses and layoff their workers (placing the unemployment burden back on the state, e) get the federal government to cover any bad debt they may have if their business fails.
Thirty years of Reaganomics and Bush corruption make it great to be an investor in America! (Too bad I’m an American worker!)
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Are these words going to remain in the lame duck’s bailout of Wall St.? They are dangerous words and with approximate 40 days until the elections, God knows what he could order Paulson to do.
Call Congress, demand this language gets removed from any version Congree passes.
All be it, when is the lame duck going to bail out the unemployed, (caused by his tax cuts to the wealthy, that were supposed to improve the economy and create jobs), the uninsured, the hurricane victims of Katrina, Ike…
We heard Bush speak 2 nights ago, how many were foolish to believe his crying wolf again?
I have been getting increasingly angry about so many things that have been happening of late, that I honestly think that nothing could actually surprise me. However, the Supreme court decision in the Ledbetter case really got my blood boiling. Ms. Ledbetter was already awarded a settlement in a lower court, I am assuming at the state level; yet the power and assets of Goodyear enabled them to appeal to the Supreme court, which is their right to do so, but the Supreme court in its decision to overturn the ruling set a dangerous precedent for all women out there wanting, and in truth entitled to equal pay for equal work. We can thank Bush for appointing judges who have no concern for equality, and who clearly have sympathies toward corporate America. It’s all about money, isn’t it.