Tag: economy
A 1970 contract negotiation between GE and its unionized workforce is unimaginable today. A strike then slowed production for months at 135 factories around the country. With inflation running at 6 percent annually, the company offered pay raises of 3 percent to 5 percent a year for three years. The union rejected the offer, and a federa…
Older people also do not enjoy a decline in poverty. The recent Census report contained good news on income, poverty, and health insurance coverage. Median household income rose more from 2014 to 2016 than in any other two-year period on record; poverty declined significantly; and the share of Americans without health insurance fell to a…