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Old 03-15-2011 | 08:08 AM
  #118  
FDXLAG
Gets Weekends Off
 
Joined: Nov 2006
Posts: 8,047
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From: 767 FO
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Originally Posted by Fresh Hot Pizza
well then, perhaps you should give up YOUR retirement.

You seem to think that prosperity will come via lower wages for the working class. By your logic, if we cut our wage/benefit package in half...then we'd be twice as wealthy. If we gave it ALL back...by your logic, we'd all be wealthier than bill gates!

To some extent, this "trickle down" effect does work; the question is knowing when it actually makes society wealtheir and when it makes it poorer. I simply believe that allowing middle class wages to drop will do the later. And it is a slippery slope-once you go after the lower middle class, it isnt hard to go after the upper middle class, which of course includes YOU.

Have a nice evening!
Luckily our pensions are a small part of the retirement pie at Fedex. Plenty of FDX workers did give up their retirement in the last 5 years. It was a move FDX had to make. A Plans are dieing for a good reason. The PBGC is probably going to need a bailout before the Social Security System. http://mercatus.org/sites/default/fi...ous.3.7.11.pdf