NYT's Egan on the awful reason why Boeing is looking at Utah ...

Published November 15, 2013 9:48 am
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

The news:

Could Utah be in mix for new Boeing plant? — Tom Wharton | The Salt Lake Tribune

Talks » The company is looking around after the union in Washington state rejected contract offer over benefit cuts.

The meaning:

Under My Thumb — Tim Egan | The New York Times

"SEATTLE — This is how the middle class dies, not with a bang, but a forced squeeze. After a global corporation posts record profits, it asks the state that has long nurtured its growth for the nation's biggest single tax break, and then tells the people who make its products that their pension plan will be frozen, their benefits slashed, their pay raises meager. Take it or we leave. And everyone caves. ...

"... Boeing is on a roll, its stock at a record high despite the troubled rollout of its 787 Dreamliner, and the pay of its C.E.O. boosted 20 percent to a package totaling $27.5 million last year. It is not impelled, as the auto industry was five years ago, in the midst of bailouts and cutbacks. Boeing could afford to be generous, or at least not onerous. But it's easier to play state against state, the race to the bottom."



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