from the World Socialist Web Site
The enormous response came within the space of just three days. GE had announced its intentions to add a second shift to its plant manufacturing washing machines in Appliance Park last Friday and began accepting applications on Monday. An earlier announcement by the GE plant calling for 13 maintenance workers who would receive $23 per hour drew 700 applicants.
The GE jobs promised a mere $13 per hour, plus benefits including dental coverage and eye care. The same jobs had previously paid $19 per hour until the decision by the IUE-CWA Local 761 to accept concessions in May, which included cutting wages for new workers and future hires.
Unemployment in Kentucky reached 11.1 percent in August. A total of 3,200 manufacturing jobs were lost in the state in the same month. Over the year ending in August, some 35,300 manufacturing jobs were lost in Kentucky.
Which is why this graph from Calculated Risk BlogSpot is unbelievable but not surprising.
From CalculatedRiskBlog.com: Comparing Employment Recessions
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