It’s not just manufacturing gone overseas

[NNN0LHI]

6. Staying with the electric power industry is not a panacea either

Because one of these days, if not already, even you will have a two tiered pay system where the new employees will be working for about half of what you are making right now.

And when that happens you are going to be depending on those new lower paid workers to negotiate a new contract to continue your pension and benefits which may be more than those workers are getting for actually working. And there is a good chance those lower paid workers are going to say screw those overpaid retirees and their pensions.

And then everything goes to hell. That is how it was done to us.

Don