Sunday, April 17, 2016

Verizon strike.

From Robert Reich

About 40,000 Verizon workers are on strike because Verizon continues to keep wages down, shipping jobs overseas, slashing retiree health care, freezing pensions, and cutting the number of full-time workers – even though it’s raking in over $1.5 billion a month in profits. Instead of investing those profits in high-speed internet, it’s spending $35 billion to buy Yahoo and billions more in stock buybacks, and paying its top executives astronomical sums (over the past five years alone, CEO Lowell McAdam has raked in $89.6 billion). It’s also among the nation’s biggest lobbyists and campaign contributors.

Verizon is exhibit #1 for what’s wrong with the U.S. economy. Verizon's striking workers deserve your support.

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