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Deny and Shred

(1,061 posts)

14. Mergers and Acquisitions

Reply to michigandem58 (Original post)

Thu Dec 27, 2012, 01:45 PM

Dec 2012

That time frame roughly fits Reagan's intentional tidal shift toward mega Multi-National Corporations. They changed the concept from workers being rewarded at the end of service for their contributions to a successful going concern toward wage-only compensation.

Thirty years of globalization has eroded "mom-and-pop" businesses and the values they exhibited.

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Since 1981, private sector defined retirement benefits have shrunk from 60% to 10% of workers [View all] michigandem58 Dec 2012 OP

My employer is cutting off pensions at the end of 2013 liberal N proud Dec 2012 #1

And how big has your company CEO's compensation been? Yo_Mama_Been_Loggin Dec 2012 #3

He took a 47% increase this year liberal N proud Dec 2012 #6

Along with stagnant wages for the exact time period as well. SugarShack Dec 2012 #2

Thanks, Reagan Zoeisright Dec 2012 #4

My first thought, too michigandem58 Dec 2012 #5

And thanks to everybody who voted for Reagan. yardwork Dec 2012 #12

+100000000 NNN0LHI Dec 2012 #16

K and fucking R slackmaster Dec 2012 #7

We should be working to recreate the world our parents enjoyed abelenkpe Dec 2012 #11

401K reteachinwi Dec 2012 #8

Good Point buzzroller Dec 2012 #9

Ask your bank about 401K retirement accounts. RC Dec 2012 #18

sounds like a great time to raise the eligibility age for medicare and abelenkpe Dec 2012 #10

On top of that, how many people Heywood J Dec 2012 #13

Mergers and Acquisitions Deny and Shred Dec 2012 #14

Yeah. And when the stock market crashes so does your 401-k nest egg judesedit Dec 2012 #15

But so did any pension funds... OneMoreDemocrat Dec 2012 #17

See post #18 RC Dec 2012 #19