Posted by: Rick | Tuesday, August 10, 2010

Lost Labor’s Love

Thomas Hoenig, one of the wise men at the Federal Reserve, thinks people should relax and enjoy the recovery:

“The economy is modestly improving,” Hoenig said in a July 29 interview.  While he said that unemployment is too high “for anyone to be comfortable with,” the recovery will continue to generate new jobs.  [Emphasis added]

What a load of crap.  Mr. Hoenig is clearly quite “comfortable” with America’s current level of unemployment.  He has his cushy job in perpetuity.  And his friends aren’t doing too badly, either.

The virtual demise of organized labor in this country over the past forty years means that nobody with any real power speaks for working people anymore.  (Politicians don’t count.) 

Thomas Hoenig: voice of an era.

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Responses

  1. “The virtual demise of organized labor in this country over the past forty years means that nobody with any real power speaks for working people anymore.”
    Nobody except for the worker with an actual set of marketable skills and abilities that speak for them and negate the need for a union in the first place. 🙂


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