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Politics : Right Wing Extremist Thread
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To: Lane3 who wrote (6240)3/13/2001 11:12:23 AM
From: Mr. Whist  Read Replies (1) of 59480
 
Pro-worker doesn't necessarily mean anti-company. You, of all people, should understand this. In most cases, pro-worker is also pro-company. Henry Ford realized this 80 years ago when he paid his workers a decent wage, and they then went out and bought Ford automobiles.

Defined-benefit pension plans are indeed losing favor for several reasons. Take some time to explain the age-discrimination aspect of a conversion from a defined-benefits pension plan to a cash-balance plan.
When IBM announced its pension plan switch, several hundred longtime, loyal workers all of a sudden found their pension plans were worth tens of thousands less. But this wasn't done to boost IBM's bottom line. Oh, no! The answer given in congressional hearings was that the move was done "to make us more competitive in the workplace."

Right.
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