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Today in Labor History

July 3, 1835
2000 workers, many of whom are children, from 20 textile mills in Paterson, NJ, went on strike. They demanded 11 hour days (down from 13.5 hours). Employers refused to negotiate and broke the strike by declaring a reduction in work hours to twelve hours daily during the week and nine hours on Saturdays.
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Chained CPI: Bargaining With Your Future
Posted On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org










 
 
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