Tag: income inequality

GM Executive Pay

When a company decides to lay off thousands of workers and shutter factories, you would expect employees at all levels of that company to feel the impact of the decision. But in the wake of General Motors’ decision to lay off 14,000 American workers and close factories in Ohio, Michigan, and Maryland, company executives continue to enjoy enormous salaries. It’s come out that some General Motors executives were given a total pay package of $22 million last year — an amount that could cover the pay and benefits cost of 206 hourly GM auto workers for an entire year. With ... Read more

Labor Voices: Focus on Income Inequality

It’s the holidays, the time of year when most of us increase charitable giving to make sure shelter, food and gifts are given to economically struggling men, women and children. A third of annual giving occurs in the last quarter of the year and 18 percent of that total is donated in December. Labor unions and members are among the giving, sharing both time and money generously, year-round. Read more on www.detroitnews.com >>>