Apparently the old saying is wrong: You can get blood from a stone after all. In a world where "the American Dream" has become a year in which your salary stays the same, the so-called City of Brotherly Love is on the brink of setting a new standard in squeezing middle-class workers to death. It's not like we haven't seen this story before: Working men and women asked to take a sizable pay cut...and work longer hours...and pay more for shrinking benefits. Usually such reports alternate with the news that the CEO of that same outfit is leaving with a golden parachute worth hundreds of thousands of dollars, maybe millions.
But just when you think it can't get any worse, here come the contract demands that the Philadelphia School District would like to cram down the throat of the city's unionized school teachers. The news -- first reported by Kristen Graham of the Inquirer -- is a jaw-dropper:
-- Large pay cuts imposed in teachers up to 13 percent for those making (a whopping) $55,000 a year or more. then frozen until 2017.
-- A sizable jump in out of pocket costs for health coverage.