Comments for Corporate America: Saving the Twinkie but Not the Workers at http://www.cepr.net , comment 1 to 8 out of 8 comments http://www.cepr.net Fri, 24 May 2013 06:49:27 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21788 I don't know if its true,I herd on the news the union bakers were making $37per hr.they were asked to make a $3per hr. concession to keep the co.alive,and there union said no.if this is true,in this economy fuck them! - david j michel jr. Wed, 06 Feb 2013 11:15:44 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21787 Niether Twinkees nor King Dongs, nor even my personal favorites Ho Hos went broke, Hostess did and each and every one of these products remain viable ..... particularly in obese America. Why should fat Americans have to suffer the loss of their favorite snacks just because ownership, management and labor unions conspired together to kill off Hostess? - Roanman Wed, 06 Feb 2013 10:04:49 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21782 The bankruptcy statute could be amended to require any "bonuses" to management vest only at their Social Security retirement age (67+) and are paid only if the company or its successors are still in business. They should bear the risk of a successful reorganization plan. - H-Bob Wed, 06 Feb 2013 06:55:02 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21778 You should have added that one of the main reasons for the strike that led to the shutdown of Hostess was that the company wasn't properly funding the pension plan. Workers finally realized that they had agreed to reduced wages in exchange for a promise that would never be realized. At that point they decided they had nothing to lose. - Lottadough Wed, 06 Feb 2013 04:52:09 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21777 There are lots of different forms of labor contracting, even within the United States. If we instituted a federal mandate to force firms to compensate workers who are fired due to a downturn, this would just lower their wages ex ante as firms would be required to have the necessary reserves. Unemployment is actually lower where there is greater contract flexibility. Indeed, more and more folks are simply contract workers, and this will likely grow due to the ridiculous employer based Heritage Foundation/Bacchus Health Care. Most likely a lot of folks "leaving the work force" are self employed in some way. - pete Wed, 06 Feb 2013 04:47:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21774 Whether state or private the contracts related to pensions are considered disposable and least important. According to the media it's ok to cut Social Security and lose your pension, - Jennifer Wed, 06 Feb 2013 03:43:58 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21768 my prediction: 5 years from now, a chinese-manufactured twinkie will be found with trace amounts of antifreeze in it- the fda will deflect cries for regulation claiming that nobody ever knew what was in the white goo anyway - frankenduf Wed, 06 Feb 2013 02:58:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/corporate-america-saving-the-twinkie-but-not-the-workers#comment-21765 So what's new? Twinkies now get golden parachutes like CEOs, hustled on the backs of busted pensions of layed off workers. - Last Mover Wed, 06 Feb 2013 01:32:17 +0100