Work in the aerospace industry is volatile and highly competitive. When Boeing said it preferred to build the 777X in Washington, it took state lawmakers less than a week to pass a package of bills that included $8.7 billion in tax savings for the company to build the plane there. After that, Boeing gave the machinists union one week to make a decision on a labor agreement, which would extend the unions current contract eight years into 2024. But provisions of the agreement involving pension plans and healthcare benefits drew fierce opposition from union members and ultimately led to the workers rejection of the labor agreement Wednesday. The union represents more than 35,000 company workers. An Los Angeles County Economic Development Corp. official said the group is eager to help put together an incentive package to help bring the 777X to Long Beach. Someone in government should show some leadership and lead the way for the employees to acquire ownership in Boeing, especially if taxpayer subsidies and tax breaks are dolled out. The aviation industry is one in which there is the never-ending march of technology. It is representative of the state of tectonic shifts in the technologies of production that are destroying jobs and devaluing the worth of labor. The question should be WHO OWNS this FUTURE productive capital asset growth? The employees should be the first in line to be empowered to acquire ownership stakes in the Boeing Company using an Employee Stock Ownership Plan (ESOP) to pay for their acquisition of shares of stock with pre-tax dollars via capital credit loans which would be paid pack out of FUTURE profits to be generated by the increased production rate. See cesj.org/homestead/creditvehicles/cha-esop.htm
Posted on: Fri, 15 Nov 2013 18:33:18 +0000
Recently Viewed Topics
© 2015