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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (64750)7/17/1999 3:35:00 PM
From: put2rich  Read Replies (1) of 132070
 
Mike,
I shopped at a big chain supermarket yesterday (in Orange County, Calif.) and the check-out lines were so long. I asked a worker and she was overtired and frustrated that managers pulled half of workers out to a new one, without a replacement. To me it seems that many low paid workers have to work 50% harder with 5% raise or less just to show more profits so upper management can reap outrageous stock options.
In general stock market bubble is benefitting very few people, I think. Some of my professional friends are lucky in getting close to 7 figures in stock options working just 2 years for hi-flying hi-tech companies. I still don't know how the pain to the suffering mass (those who works for less than 30K a year in expensive areas of California) when the bubble bursts? I guess the working poor gets more punishment then?
Regards,
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