Sunday, May 27, 2012

Investor vs. Labor Part III - Labor Retiree Responsibilities

In a previous post, the blog brought up the issue that corporate executives do not give enough credit to the fact that a large percentage of corporations shares are held by retirement accounts for labor. But there is another side to this coin. The question of "How do retirees act after they retire?" has a larger level of importance now than it did before. Do retirees continue to fight for labor rights and wages or do they simply become an investor wanting the greatest return possible even at the expense of future labor wages and benefits? If retirees turn a blind eye towards current labor, and only focus on their returns, there will be trouble for all. If the retirees use their pension and voting rights as a pulpit to protect current labor, all will benefit.

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