Anti Wage-Slavery Pro-Freedom Quotations Of The Week 1524-1526

Deutsche Bank to Cut an Additional 1,000 Jobs in Germany

By CHAD BRAY

As part of an overhaul, the lender announced plans last year to eliminate as many as 35,000 posts through internal cuts and sales of businesses.

New York Times
headline
October 6, 2016

 The job of the rulers is always to find that line and provide the lowest level of pay, security, housing, consumer protection, healthcare, and political access for society so that they can extract and hoard the greatest amount of wealth, power, and immunity from justice for themselves. In many ways, the majority of Americans live in a democracy of minimums, while the privileged few enjoy a plutocracy of maximums.
Ralph Nader
Breaking Through Power: It’s Easier Than We Think

 Trade Adjustment Assistance, a government program started in 1962 and expanded significantly a dozen years later, is supposed to support workers whose jobs are casualties of overseas competition. The program pays for job training.

But Mr. Simmons rolls his eyes at mention of the program. Training has almost become a joke. Skills often do not translate from old jobs to new. Many workers just draw a check while they attend training and then remain jobless.

A 2012 assessment of the program prepared for the Labor Department found that four years after completing training, only 37 percent of those employed were working in their targeted industries. Many of those enrolled had lower incomes than those who simply signed up for unemployment benefits and looked for other work.
...
...But labor is playing defense. The robots will win in the end, because robots never strike. Robots improve with time.
...
Trade deals, immigrant labor, automation: As Mr. Arkenbout sees it, these are all just instruments wielded in pursuit of the same goal — paying him less so corporations can keep more.

“When they don’t need me anymore,” he said, “I’m nothing.”
 
More Wealth, More Jobs,
but Not for Everyone: What
Fuels the Backlash on Trade
By PETER S. GOODMAN
SEPT. 28, 2016
New York Times
[emphasis JS]