Tuesday, September 5, 2006

Labor Day

Or, what American Dream*?

...

Were that all that Wal-Mart did, of course, the answer would be "nothing." But as business writer Barry Lynn demonstrated in a brilliant essay in the July issue of Harper's, Wal-Mart also exploits its position as the biggest retailer in human history -- 20 percent of all retail transactions in the United States take place at Wal-Marts, Lynn wrote -- to drive down wages and benefits all across the economy. The living standards of supermarket workers have been diminished in the process, but Wal-Mart's reach extends into manufacturing and shipping as well. Thousands of workers have been let go at Kraft, Lynn shows, due to the economies that Wal-Mart forced on the company. Of Wal-Mart's 10 top suppliers in 1994, four have filed bankruptcies.

For the bottom 90 percent of the American workforce, work just doesn't pay, or provide security, as it used to.

...


This nation has turned into Gordon Gekko's Paradise. Benefits? Raise? Vacation? Shut up and get back to work** or find another job. American Dream, my ass.

*Thanks to C&L for the link.
**Thanks to Atrios.

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