Screw the Young - Again

Two tier wage structures are all the wage in unionized industries as Dad and Grand dad hold on to their gains by sticking tit to their kids.  As with Social Security, Medicare, the Drug War and the rest of the Federal state, us elders are behaving shamefully towards our kids.  Why?  Because we're greedy and they have no power.  I don't have to tell you that before the 20th century the looting of the next generation by their parents and grandparents was unprecedented in the history of the world.  Such are the wages of 'social democracy'.

WALTER RUSSELL MEAD: The War Against The Young: Detroit Edition. “Chrysler is experimenting with a two-tier pay system – high wages for experienced older workers and about half that salary for new, young recruits. Economists are excited because it brings in jobs without overburdening the company’s payroll; Via Meadia, on the other hand, sees the arrangement as just another battlefield in the war against the young. . . . When it comes to adjustments, the union movement and the older generation at large makes sure that the pain falls on the young rather than spreading it around. It’s a shame, especially since the young workers will also be paying taxes into Medicare to fund health care for seniors today that the country won’t be able to afford when today’s twenty-somethings want to collect. One of the big questions in American politics: will America’s young people realize they are being systematically scammed and organize to stop it, or will the older generations continue to pull the wool over those adorable little eyes?”