The workers will pick which union they want. I have been a union rep for 6 different unions during my career, Bookkeepers, Retail Clerks, AreoSpace, IAM, AMFA, IBT. Every single one of them has been better than any of the shops I worked under that did not have a union. There are problems with unions but they give a voice and at least some ability to address the issues that arise from work safety and management issues.
I work for united airlines and the worker buy out ended in bankruptcy and disaster. I lost my pension and lived under draconian rules taking 10 years to get back to where I was in wages and still not back in benefits. Shares do not always mean that the Worker/Owner will make a company much better.
The Bay area middle class is over $300,000 a year. Surviving on less is challenging. Minimum wage is extreme poverty in most big cities.
No one said it would. I said workers with shares will care about the company’s success. That doesn’t mean it will be successful. Neither does a union.
You do know they allow abortion in the case of a doomed pregnancy after that point, right? Or hardship, which isn't required before 18 months?
Do you have a citation for that? 'Cause it sounds like the other option was 'the company ceases to exist' and not sure how your pension would be saved then.
There is lots out there on United bankruptcy. The company with the help of a crooked judge did terrible things. Claiming the Mileage rewards as a debt and 3 years later selling it for 4 billion dollars. Underfunding the pension for years on inflated self funded numbers. Forcing give bacs that took decades to recover. The ESOP was the biggest joke. Not only did I loose about 200k in paper assets , United got the tax write off. Living it from the inside it was a terrible situation and the Airlines have been sticking it to employees for even longer than they have been to passengers. I'm third generation, My dad had it pretty good but in the 90's with deregulation it all fell apart.
