Just in time for the holidays, US Steel has announced 1,545 layoffs at two plants in Michigan. Last year, 5 executives at US Steel received on average a compensation package of $4.8M, a 53 percent increase from 2017. America has socialism for execs, capitalism for workers.

Just in time for the holidays, US Steel has announced 1,545 layoffs at two plants in Michigan.

Last year, 5 executives at US Steel received on average a compensation package of $4.8M, a 53 percent increase from 2017.

America has socialism for execs, capitalism for workers.

— Robert Reich (@RBReich) December 22, 2019