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Best Web OpEds    H3'ed 3/14/15

Privatization Scams You Should Know About; by Diane ravitch

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I am on the email list for an organization called 'In the Public Interest.' It follows privatization in every sector, including education. The current newsletter is eye-opening. If you want to know how private interests have finagled their way into making a killing off public sector dollars,Here is an example: Top executives of the Blackstone Group, owner of the janitorial services company GCA Services Group, pull down massive annual compensation. Stephen Schwarzman, Blackstone's CEO, received $656 million in dividends and pay; and its real estate chief Jon Gray took in $205 million, for a combined total of $861 million. GCA has faced repeated accusations of low pay. The New Haven Register reported in 2011 that 'a proposed GCA contract for custodial services would plunge 200 New Haven, Connecticut, Public Schools custodians into poverty, according to a research report by the Political Economy Research Institute at the University of Massachusetts.'
Ravitch continues: 'I have trouble understanding why some billionaires refuse to pay workers a living wage. Why was it so hard for the Walton family, each of whom is a billionaire, to agree to pay their workers $9 an hour? Why are so many of their workers part-time, even when they are eager to have full-time jobs? The billionaires pay great compensation to their executives, apparently, but think that the people who do the daily work of the corporation can get by on 20 hours a week at $9 an hour.Open the link about GCA. It isn't just accusations of low pay that have been a problem:'
Read the rest of the story HERE:

At dianeravitch.net

 

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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