Writing in the Nation, Lawrence Mishel examines how striking Verizon employees represent a much larger conflict: Business is booming; workers are losing. Profits are at their highest point since World War II. Even so, companies like Verizon want workers to stay flat or take cuts.
Mishel puts it this way: “This mugging of the workforce—what else can you call wage and benefit reductions in the face of high profitability—occurs because it can, because employers can have their way with most workers. Verizon and other employers may think this is simply good strategy for their businesses, but it undercuts our ability to provide robust growth and to ensure a rising living standard and some basic economic security (health, retirement) for workers and their families.”
Mugging – no word could be more apt. It’s theft with violence. We need to root for the Verizon workers as if they were in the Super Bowl. The giants they are opposing want to crush working people. If they win, we all lose.