Today’s announcement of a two-year pay freeze for federal workers is bad for the middle class, bad for the economy and bad for business. No one is served by our government participating in a “race to the bottom” in wages. We need to invest in creating jobs, not undermining the ones we have. The President talked about the need for shared sacrifice, but there’s nothing shared about Wall Street and CEOs making record profits and bonuses while working people bear the brunt. It is time to get our nation back on track, but we should not do so by placing an even greater burden on the middle class.
These are good middle class jobs, and Trumka is exactly right--we need to stop placing the brunt of our economic burden on our middle class, and start placing it where it belongs--on the Wall Street tycoons and greedy CEOs who got us into this mess in the first place. Whether it's the retail industry, the service industry, the manufacturing industry, or government workers--we need to stand together and say NO MORE to the attempts to hold down wages and benefits in our industries while Wall Street is allowed to run wild and the gap between the haves and have-nots grows greater every day. Only when we stand together can we stand up for America's working families.