General Discussion
In reply to the discussion: Former Hostess Employees Bitter About Wage Cuts (fork lift operator- $11 an hour) [View all]SomethingFishy
(4,876 posts)Hostess Exec's gave themselves raises, 60 to 100% raises while the company was filing it's second bankruptcy. The CEO received a 300% (from 750,000 to 2.25 million) raise while the company was filing it's second bankruptcy.
To sit there and blame labor costs for the downfall of this company is bullshit. To claim that the new company can only pay $11 an hour is also bullshit.
The problem is not wages, or a global economy. The problem is greed. How anyone can sit there and say that $11 or $16 an hour is a fair wage when the CEO takes home 2.25 million plus bonuses from a FAILING COMPANY is beyond me.
Capitalism works when it is well regulated. Your idiotic premise that the only 2 options are Capitalism or Communism is as short sighted as it gets.