Friday, December 6, 2013

unionize finance?


The story of the Americas continues to unfold as a union in Brazil funds finance workers organizing in New York:

The Brazilian union CUT (Unified Workers’ Central) has provided seed money for organizing efforts in New York City, Miami and Orlando, home to Banco do Brasil branches and call centers. (Brazilian unions have also supported American automotive workers.) CUT president Vagner Freitas explained this transnational strategy at a union convention in September, saying, “We don’t have the bank workers in the U.S. organized, so we can’t organize workers around the world. A lot of them are in the U.S., and they have a great role to play.”

It's tempting to say that we've come endless cycle, I mean full circle, since the days of Kissinger and Pinochet, and yet as of right now, according to a veteran teller, pseudononymous Ryan Filson, quoted in the article, $10 per hour remains the twenty-year-old starting wage for a NYC bank teller. Read the full article at the unionized paper of record. Oh, sorry. I meant read more at Al Jazeera, but I couldn't find anything online which indicated that Al Jazeera's journalists were unionized.

And this article from The Huffington Post suggests a third of our country's half million bank tellers subsist by drawing upon some form of public assistance. (And, of course, I can't prove that the HuffPo writer receives any monetary compensation, but at least one Tenured Radical suggests this is highly unlikely.)

Anyway, on this warm Friday in early December, the slippery slope leads to new employment numbers released this morning, and the employment figures are positive once again, with another 203,000 jobs added in November, but I imagine that the worker-participation rate remains at or near its all-time lows.

You tell me.





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