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Traditionally, supporters mark Labor Day in the context of labor versus corporations, as working people versus big business. But
Traditionally, supporters mark Labor Day in the context of labor versus corporations, as working people versus big business. But
admin
2013-01-20
41
问题
Traditionally, supporters mark Labor Day in the context of labor versus corporations, as working people versus big business. But, now that labor has become so involved in business ownership through contributions to pension funds and mutual funds, is it time to think again, to celebrate something new?
Over roughly the past half century, working people have bought up a huge chunk of big business. And union-sponsored pension plans rank among the biggest institutional investors. Working people, both union and non-union, now own a piece—and often a big piece—of just about everything in business, from multinational corporations to mini-malls down the street.
If you’re a working person who contributes to a pension fund, mutual fund, or life insurance policy with a savings component, you’re one of the new owners of big business (and many small businesses), too.
That may come as a surprise, since most working people contribute only modest amounts to their retirement plans. But they more than make up for that in the number of active contributors. If you’re still not sure, try this on your calculator: Multiply a contribution of $ 1 000 per person per year by one million working people. Answer: $ 1 billion dollars per year. Now note the existence of literally hundreds of millions of working people here and in other countries. And they’re contributing new money every year.
This shift of business ownership from rich people to working people may be the greatest economic transformation since the Industrial Revolution. Management guru Peter Drucker has called it "The Pension Fund Revolution;" however, now that mutual funds and insurance companies have also become major investors on behalf of working people, I prefer to call it the "Ownership Revolution. "
So what does all this mean? Well, for starters, it should lead to an end of complaints about the profits of corporations and allegations about ’"greedy corporations. " After all, much of that profit now goes toward the current and future retirement incomes of working people.
What’s more complicated, though, is the relationship between working people who own a big company and other working people employed by that same company. How to share corporate profits—through continuing employment and higher wages, or through higher returns to shareholders—remains a difficult issue, especially for those working people who lose their jobs. (385 words)
What is the implication of the first sentence in the first paragraph?
选项
A、Working people prefer to work in the big corporations.
B、In the past, individuals and businesses are two entities as employee and employer.
C、Labor Day is always celebrated by both workers and companies.
D、The supporters of Labor Day are usually appreciated and accepted by big corporations.
答案
B
解析
劳动节原本是体力劳动者的纪念日,它体现劳动关系的不同,即雇佣与被雇佣的关系。但是由于现在有了抚恤基金和互助基金,资产拥有者也发生了变化,雇佣与被雇佣的关系也就不同于以前了。
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0
考博英语
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