The electronics retailer, facing larger competitors and falling sales, said Wednesday that it would lay off about 3,400 store workers. The laid-off workers, about 8 percent of the company's total work force, would get a severance package and a chance to reapply for their former jobs, at lower pay, after a 10-week delay, the company said.12 dollars an hour is too much. Is 2.17 million too much for the CEO? Falling sales are his responsibility. The people they fired were doing a good job. He clearly isn't, but in Corporate America, we all know that doesn't matter.
"Twelve dollars an hour is now considered too high a wage in America," Clinton said at a teacher's union conference. "What's really stunning is many of these fired workers had been promoted, they'd been told they were doing a good job."
(via Atrios)
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