Coal execs' pay rises and rises, while miners' wages stagnate


#1

Originally published at: http://boingboing.net/2017/05/03/st-peter-dont-call-me.html


#2

not even surprised.


#3

Recurring theme: to the surprise of no one.


#4

If you know your industry is doomed you can as well suck out as much as possible for yourself while you can.


#5

What, you mean Orange Julius’ campaign promise to end of the “war on coal” wasn’t actually meant to benefit miners and other blue-collar workers in Appalachia who voted for him but instead just kept the party going a little longer for plutocrat owners? This is very shocking.


#6

Clean coal? Hah!


#7

Come on, folks. At least now the miners no longer owe their soul to the company store. Progress!


#8

Obama!!!

shakes fist


#9

Yeah I hope someday I will be surprised what happens in regards to this country.

so far, no good.


#10

#11

But they are exposed on a daily basis to the job hazard of a potential lawsuit. Sure, insurance and shareholder dollars will take care of it, but the stress of fabricating maintenance logs, signing affidavits and having to sit through a half day of depositions, potentially having to reschedule social appointments… well, that all takes a toll.


#13

I looked up historical wages in America and compared the mean of the middle quintile to the mean of the top 5%. Before 1984 they both go up a similar-ish amount every year. In 1984 the top 5% goes up noticably more.

Since 1984 the total increase in the mean wage of the middle quintile around 2.4 times. Inflation accounts for 2.38 or that, so wages have increased just a hair over 1%.

Since 1984 the mean wage of the top 5% has gone up almost 50% after accounting for inflation.

This story is not about coal. It’s about America (and Canada!).


#14

“Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods both at home and abroad. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.” - Adam fucking Smith, godfather of capitalism itself.


#15


#16

I just want to photoshop Thatcher into that image in place of Nancy.


#17

Sounds like something from Trump’s How-To book on bankruptcy.


#18

If you have a potentially profitable business like a hotel or casino you earn more money long term by keeping them in business. Trump is just incompetent, preferring a quick buck because he doesn’t know how to run a company.


#19

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