The Transport Workers Union Local 100 applauds the courage of the young people on Wall Street who are dramatically demonstrating for what our position has been for some time: the shared sacrifice preached by government officials looks awfully like a one-way street. Workers and ordinary citizens are putting up all the sacrifice, and the financiers who imploded our economy are getting away scot-free, increasing their holdings and bonuses.
Young people face a bleak future with high unemployment, and minimum wage jobs. Public sector workers face Mayors and Governors who demand massive wage and benefits givebacks or face thousands of layoffs. That's not bargaining. That's blackmail.
One out of six Americans lives in poverty today, and the richest one percent control more wealth than at any time since the Gilded Age of the 1920's.
The TWU Local 100 Executive Board is united in our determination that this state of affairs is dangerous for America and destructive to its citizenry. We support the Wall Street protesters and their goal to reduce inequality and support every American's right to a decent job, health care, and retirement security.
The Transport Workers Union of America Local 100 primarily represents workers in the New York City public transportation system and at some private bus lines serving the New York City metropolitan area. This statement was published on Local 100's Local 100's Web site
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