It’s more than a century and a half since Marx wrote his Manifesto but finally workers in London are rising in protest and questioning our economic machinations.
Marx said the Proletariat would revolt.
But who can blame them (us)? It started with the huge bonuses paid to executives after government gave millions in bailout money.
Now we seen Caterpillar asking workers to take a 55% pay cut to boost the company’s bottom line.
These are skilled labourers who earn and deserve their pay.
When did Caterpillar become so ruthless?
In 2008, it announced it would cut employees’ salaries by 15% and executives by 50%. Bad news for sure, but it also offered voluntary buyouts. Now the company is biding its time until it can move its plant south and leave the London workers out in the cold, literally.
Would these workers have accepted a 15% cut?
Not sure. But asking workers to work for way less than they deserve is an insult.
Other unions are joining forces with the locked-out Electro-Motive plant now. What happens here will affect how the working class is dealt with elsewhere.
Enough greed. Here’s to the masses.