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Only if the contracts automatically follow profits. Profits are not a ratchet, while contracts typically are. Also they are asking for more than pay raises and

Only if the contracts automatically follow profits. Profits are not a ratchet, while contracts typically are. Also they are asking for more than pay raises and shortened work week. They're also demanding health benefits for retirees and defined benefit pensions among other things.

mplewis 3y ago
All of these things are good for workers, their quality of life, and the quality of their work, and American workers deserve those things.
- IG_Semmelweiss 3y ago
  Defined benefit plans?? The only defined benefit plan left is social security , which is fast going into insolvency in exactly a decade, and where it will automatically be cut 25% once that happens!
  - smugma 3y ago
    “contrary to a common misunderstanding. In 2035, if nothing else is done, the program could pay 80 percent of scheduled benefits, mostly out of workers’ ongoing contributions, a figure that would slip to 74 percent in 2096” https://www.cbpp.org/blog/social-security-is-not-bankrupt https://www.cbpp.org/blog/social-security-is-not-bankrupt
    - IG_Semmelweiss 3y ago
      Thanks for the 5% correction. I'd have to research more to be sure, but I'll give you the benefit of the doubt. My point remains, to be in support of defined benefits, you must not be OK with unilaterally changing the de-facto definion of defined-benefit for SS? How is it OK to literally pull the rug under people that paid - all their lifes - with the promise to get X on retirement, and will now get X-Y instead ?
    - IG_Semmelweiss 3y ago
      actually, you are not correct either. The exact figure is 77.5% https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States...
throw0101b 3y ago
> Only if the contracts automatically follow profits. Profits are not a ratchet, while contracts typically are. Are they? When concessions are given they should also be removed: there are some elements in the contracts that date back to the hard times of 2008 that the unions are still putting up with.

mplewis 3y ago

All of these things are good for workers, their quality of life, and the quality of their work, and American workers deserve those things.

IG_Semmelweiss 3y ago
Defined benefit plans?? The only defined benefit plan left is social security , which is fast going into insolvency in exactly a decade, and where it will automatically be cut 25% once that happens!
- smugma 3y ago
  “contrary to a common misunderstanding. In 2035, if nothing else is done, the program could pay 80 percent of scheduled benefits, mostly out of workers’ ongoing contributions, a figure that would slip to 74 percent in 2096” https://www.cbpp.org/blog/social-security-is-not-bankrupt https://www.cbpp.org/blog/social-security-is-not-bankrupt
  - IG_Semmelweiss 3y ago
    Thanks for the 5% correction. I'd have to research more to be sure, but I'll give you the benefit of the doubt. My point remains, to be in support of defined benefits, you must not be OK with unilaterally changing the de-facto definion of defined-benefit for SS? How is it OK to literally pull the rug under people that paid - all their lifes - with the promise to get X on retirement, and will now get X-Y instead ?
  - IG_Semmelweiss 3y ago
    actually, you are not correct either. The exact figure is 77.5% https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States...

throw0101b 3y ago

> Only if the contracts automatically follow profits. Profits are not a ratchet, while contracts typically are. Are they? When concessions are given they should also be removed: there are some elements in the contracts that date back to the hard times of 2008 that the unions are still putting up with.