Timothy Eagan of the New York Times has written a great editorial on the current declining state of the middle class. Corporations get tax breaks from the government. Then they do whatever they can to drive down wages. Eagan looks at the case of Boeing, which received an $8.7 billion tax break and then asked its unions to make concessions. The Machinists Union said, “No.” Now Boeing is threatening to leave the state for one where wages are lower (“Right to Work for Less State”).
Is Boeing in trouble? Eagan writes: “Boeing is on a roll, its stock at a record high despite the troubled rollout of its 787 Dreamliner, and the pay of its C.E.O. boosted 20 percent to a package totaling $27.5 million last year.” If Boeing can give its leader such a raise, why doesn’t it want to compensate the people that build its planes? That’s the magic question, and the answer is that executives and boards of directors do not care about their workers or the health of the national economy. All they know is that they want more and more, which means working people have to make less and less.