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Jack Rasmus: Who Pays?

The rules of the game that have governed how health care benefits have been financed and delivered in the U.S. for 60 years are being jettisoned. The dismantling of those rules is about to accelerate and enter its final stages. Under emerging new rules of the game, employers are exiting from any responsibility or role Read more…

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Jack Rasmus: The Trillion Dollar Income Shift, Part 2

P art 1 of this article showed how even conservative estimates reveal that income inequality in the U.S. today has reached extremes not seen since the 1920s. More than $1 trillion a year in relative income is now being shifted annually—from roughly 90 million middle and working class families to the wealthiest households and corporations.  Read more…

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Jack Rasmus: The Trillian Dollar Income Shift, Part 1

F or three decades, from 1942 to the mid-1970s, a “great leveling” of incomes between classes in America occurred as the standard of living rose for tens of millions of American workers and their families. American working class families received a share of record gains in productivity. Real wages rose. Guaranteed retirement benefits—private pensions and Read more…

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Jack Rasmus: Reorganizing American Labor

A t no time in the past 70 years have American workers and unions been under more direct and intense attack by corporate America. Moreover, that attack continues to show signs of becoming increasingly virulent and bold.  In the heartland of U.S. unionism, the auto industry, 100,000 union jobs will soon be lost in a Read more…

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Jack Rasmus: Executive Pay in the U.S.

T he most fundamental and singular result of corporate policies of the past 25 years has been a massive shift in relative income from the roughly 105 million workers to the wealthiest 10 percent non-working class households in the U.S. This enormous income transfer grew in scope and magnitude annually throughout the 1980s and Reagan Read more…

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Jack Rasmus: The AFL-CIO Split

T wo events of particular import occurred the last week of July: the AFL-CIO split and CAFTA (the Central American Free Trade Agreement) was passed by Congress. The consequences of the former are yet to be determined. The impact of the latter are much less uncertain.  The coalition of unions departing from the AFL-CIO, known Read more…

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Jack Rasmus: CAFTA and the Legacy of Free Trade

T his past April debate began in Congress on the Central American Free Trade Agreement (CAFTA). CAFTA represents the Bush administration’s effort to resurrect its stalled plans for a “free trade” zone encompassing the entire Western hemisphere, called the Free Trade Agreement for the Americas (FTAA). FTAA is the Bush-Corporate plan to extend the North Read more…

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Jack Rasmus: A Medical Mount St. Helens Health care in the U.S.

I n the U.S. millions of workers and their children face the human and economic devastation that can accompany a serious illness. They go without paying their rent, buying clothes for their kids, or even food on the table whenever a moderate illness strike.They face the prospect of a six to ten hour wait in Read more…

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Jack Rasmus: The Road Back to 1929: Historic income shift to benefit the wealthy

It is now an undeniable fact that George W. Bush is the first president to finish a term in office with a net loss of jobs since Herbert Hoover 75 years ago. Officially, more than a million jobs disappeared  from January 2001 through October 2004; unofficially, many more. Almost three million of the jobs lost Read more…

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Jack Rasmus: Pension Plans In Corporate Cross-Hairs

R ecently United Airlines announced it will abandon the pension plans for its 120,000 employees and retirees, quickly setting off similar announced intentions by other airline companies and sharply increasing the likelihood of a chain reaction of pension plan failures, both within the airline industry and throughout other industries as well.  United Airline’s action directly Read more…

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