Editorial: Some of the changes sought by FairPoint simply represent the norm today in corporate America. In 1998, 60 percent of Fortune 500 employers offered defined benefit pension plans to new hires. By 2013, the number had dropped to 24 percent. But union organizers have a point when they say they’re fighting to maintain disappearing middle-class jobs. The principle that someone — even without a college education — could earn a comfortable living in a secure job and be guaranteed a pension is one that applied through much of the 20th century and helped grow the American middle class.
Posted on: Mon, 17 Nov 2014 17:36:11 +0000
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