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:: Tuesday, August 28, 2007 ::
Is There (Middle Class) Life After Maytag? - Wilmington Morning Star, NC
The downshift is reflected in the Labor Department’s national data. Median family income has risen at an average annual rate of only six-tenths of a percent, adjusted for inflation, since the mid-1970s — in sharp contrast to the 2.8 percent growth rate in the preceding 26 years.
Hardship, however, is initially postponed in Newton. Local 997 of the United Automobile Workers, representing Maytag’s blue-collar staff, negotiated a severance package with Whirlpool last fall that extends each departing worker’s health insurance for five or six months and pays at least $850 for each year worked, up to 30 years.------------------------------------------- posted 5:57 AM :: reference link ::
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