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From The Socialist newspaper, 27 January 2010

Bonuses for bankers but recession for workers

My new year's resolution was to stop watching TV. This is not for health reasons but because I can't afford to buy a new one if I kick it in while watching the news! Who hasn't wanted to do that recently?

Janet Thompson

The average wage of a banker at Goldman Sachs is 309,000 while the average wage of a full-time worker in Britain is 25,800! Goldman Sachs makes 14,400 a minute in profit! That's more in a minute than I earn in a year as a full-time care worker.

And we have to foot the bill to bail the bankers out. We are the ones who face unemployment. We have to battle cuts and closures in our communities.

Working in the care sector I know a lot about cuts. Most people know someone who works in care - there are almost a million of us. They can probably recount the same horror stories of long, often illegal hours to make up for the low pay.

We can only do our best in a difficult job, but it is heartbreaking to see how those you care for have to live and what they've been through. I come home at night and find it difficult to forget about work. I'm normally so tired I just want to go to sleep ... that is if I'm not doing a night shift.

Privatisation in care hasn't worked - anyone working in care or getting care services will tell you that. Why won't they listen to us, the real experts, the service workers and users, not someone sent in to sell off what's left?

Cuts and more cuts

I live in Bristol. Here the council have announced that they need to make 30 million worth of cuts as a result of the recession. 2 million of these will be made in the care sector. Bristol city council has already stripped adult social care services to the bone. Day centres have been closed and support workers laid off.

They say, because there's no money, everyone has to make sacrifices. We all know about sacrifice, although it's not something we volunteered for. We've been forced to take redundancies or forced to work until we drop. But, while we've been struggling to make ends meet, the big finance bosses have been enjoying the bailout Brown has given them with our cash!

So we don't believe them when they say there's no money for our jobs and services! There's more than enough money in this country for all of us to have a decent job. For the bosses and their government to let down the most vulnerable people in our society is inexcusable.

All the main parties promise ruthless cuts to the public sector if they win the election. But I'm not willing to suffer anymore and I'm certainly not willing to watch other people suffer.

The papers say the recession is over but from where I'm standing 2010 won't be any easier for us. I'm going to fight for my future alongside the Socialist Party, a party with a strong record of fighting for the working class and of fighting against cuts.


Youth Fight for Jobs campaign against unemployment - marching in Barking

Youth Fight for Jobs campaign against unemployment - marching in Barking

Click here for Youth Fight for Jobs demo leaflet (pdf)

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 27 January 2010:

Prosecute the war criminal Blair


Credit crunch

Bonuses for bankers but recession for workers

Outrage against bankers spurs Obama on

Unemployment figures don't tell the full story


Socialist Party election campaign

Lewisham Socialist Party prepares for election

Support for the Trade Unionist and Socialist Coalition (TUSC) grows


Socialist Party news and analysis

Haiti: Survivors shackled by huge debt and poverty

Cadbury's bosses opt for a sugary takeover

Far right thugs invade Stoke

Food for thought


Socialist Party workplace news

Unison black members reject witch-hunt

South Yorkshire fire dispute Negotiations go national

Building the fight against education cuts at Leeds

Glasgow City Unison fights back against cuts in jobs and services

Visteon pensioners protest

Temperature rises at British Airways

Ticket office staff strike again


Socialist Students

University of Gloucestershire staff fight back

Cuts at Cardiff University must be fought


Socialist Party feature

Imperialism in Africa today


Workplace Feature: IT workers in mini strike wave

PCS members at Hewlett Parkard strike in Lytham St Annes and North Tyneside

Seventh day of national strike action at Fujitsu IT


 

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Related links:

Bankers:

triangle10 years since the financial crash - the socialist answer to capitalist crisis

triangleThem & Us

triangleTurn Carillion crisis into movement against privatisation and capitalism

triangleTories torn - bin them now

triangleDefuse the consumer debt time bomb: nationalise the banks!

Recession:

triangleThe Socialist inbox

Bonuses:

triangleCity bosses' 40m bonuses as Number of food banks hits 2,000

triangleStop the 54,000 yearly maternity sackings

US:

triangleBezos housing hypocrisy

triangleThe ongoing capitalist crisis and the struggle for a socialist world

Bristol:

triangleBristol North Socialist Party: The state vs the organised working class

Goldman Sachs:

triangleTrump victory: Failure of the Democrat establishment

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