"Average pay for members of the International Longshore and Warehouse Union (ILWU) ranges from $105,278 to $167,122, depending on the job category. Part-time workers on the docks can earn as much as $70,000 a year. (((part-timers!!!)))
. . .
"The shippers group also says they would protect the money in the longshoremen's 401(k) savings plans and provide training for new jobs on the docks." http://www.washingtonpost.com/wp-dyn/articles/A64399-2002Jan4.html
are those people still "proletariat"? "working class"? or are they "capitalists"? "bourgeoisie"? if they save their money (in a savings account or a 401(k)) or spend it like good consumers? or both?
just wondering.
maybe, as carrol says, "borderline cases make very bad class analysis" because any notion of class that can either be built on or destroyed by such "limit cases" is a fundamentally flawed notion of class. i think that's what we're talking about here. and here's at least one binary that yoshie seems to be working with -- you're either with us or against us. you're prole or you're capitalist pig, working class or bourgeoisie. in the club (a "member") or out. and her way of talking about it, imo, begs ian's questions: when are you in and when are you out?
not to assume that ian's after what i am . . .
jeff
On Tuesday, January 8, 2002, at 07:16 PM, Yoshie Furuhashi wrote:
>> So a worker who retires with a 401(k) valued at a million bucks is not
>> a capitalist?
>>
>> Ian
>
> I venture to say that the proportion of the international proletariat
> who retire with stocks worth a million dollars is insignificant.
>
> ***** Public Information Office CB01-33
> 301-457-3030/301-457-3670 (fax)
> 301-457-1037 (TDD)
> e-mail: pio at census.gov
>
> Labor Force and Transfer Program Statistics Branch
> 301-457-3230
>
> Net Worth of Nation's Households Unchanged, Census Bureau Reports
>
> The median net worth of U.S. households stood at $40,200 in 1995, not
> statistically different from 1993, according to results of a survey
> released today by the Commerce Department's Census Bureau.
>
> Household net worth is defined as the value of assets, minus debts.
> Half of all households had net worth above the median figure and half
> were below. Included in net worth were interest-earning assets,
> checking accounts, stocks and mutual fund shares, real estate, motor
> vehicles, value of business or profession and mortgages held by sellers.
>
> The data should not be confused with Census 2000 results, which will be
> released over the next three years.
>
> "The apparent stability of the household wealth resulted from
> offsetting changes in the median household values of specific asset
> types," said Census Bureau analyst Thomas Palumbo in summarizing the
> report, Household Net Worth and Asset Ownership: 1995.
>
> For example, asset holdings in stocks, rental property, vehicle equity
> and retirement accounts (IRA and Keogh) experienced significant
> increases between 1993 and 1995. Decreases occurred in the median
> household values of interest-earning assets held at financial
> institutions and U.S. Savings Bonds.
>
> Median home equity the largest part of household net worth was $50,000
> in 1995, not statistically different from the 1993 value of $49,156,
> adjusted for inflation in 1995 dollars.
>
> In 1995, median net worth holdings for married-couple householders
> ($64,694) and female householders ($14,949) were not statistically
> different from 1993. The median net worth for male householders was
> $16,346, up from $14,219 in 1993.
>
> Other highlights:
>
> In 1995, the net worth for households with a White householder was
> $49,030; for households with an African American householder, it was
> $7,073; and for those with a Hispanic householder, it was $7,255.
> Hispanics may be of any race.
>
> -- The median net worth of households generally increased with the age
> of the householder, rising from $7,428 for those under 35 to $92,399
> for householders age 65 and older.
>
> -- After home equity, interest-earning assets at financial
> institutions made up the largest share of net worth, although this
> share decreased slightly from 11.4 percent in 1993 to 9.6 percent in
> 1995. The median value of household holdings in these assets was $2,537
> in 1995.
>
> -- The percentage of household net worth held in IRA and Keogh
> accounts jumped from 6.7 percent in 1993 (median value of $13,677 in
> 1995 dollars) to 8.3 percent in 1995 ($15,000).
> -- The real median value of stock and mutual funds
> held by households increased from $7,331 in 1993 to $9,000 in 1995,
> although the ownership rate of these assets held steady at around 21
> percent.
>
> -- Vehicles made up a higher proportion of households' overall net
> worth in 1995 than in 1993: 8.3 percent compared with 6.4 percent. The
> real median value of holdings in vehicles grew from $5,414 in 1993 to
> $6,675 in 1995.
>
> The data are from a panel of the Survey of Income and Program
> Participation first interviewed in 1993. As in all surveys, the data
> are subject to sampling variability and other sources of error.
>
> -X-
>
> Source: U.S. Census Bureau
> Public Information Office
> 301-457-3030
> Last Revised: March 21, 2001 at 01:32:39 PM
>
> <http://www.census.gov/Press-Release/www/2001/cb01-33.html> *****
>
> Remember that, as Doug notes, "[s]omeone at the U.S. poverty line is at
> the 98th percentile of the world income distribution."
> -- Yoshie
>
> * Calendar of Events in Columbus:
> <http://www.osu.edu/students/sif/calendar.html>
> * Anti-War Activist Resources:
> <http://www.osu.edu/students/sif/activist.html>
> * Student International Forum: <http://www.osu.edu/students/sif/>
> * Committee for Justice in Palestine: <http://www.osu.edu/students/CJP/>
>