My power was down for over a week. They keep on telling us that it was the worst storm in decades. Bullshit. There were worse storms a few years ago, but no mass power outage.
I lived in Chicago for twenty years. We had worse storms all the time, but we didn’t have power outages. Before that I lived in Pennsylvania for twenty years. We had worse storms every few weeks during the winter, but never a power outage in all that time.
So what is different here? Greed. For decades, corporations have been buying each other up, laying off all the dedicated, experienced workers, replacing them (if at all) with younger, lower-skiiled but cheaper workers, often from offshore. Milking the corporations dry, and milking the customers dry.
Typically, a third of a company’s budget goes to employee wages. If you can save 30% on wages, profits go way up. That money could go into lower prices…but it doesn’t. It could go to the stockholders…but it doesn’t. It could go into employee wages, or into keeping more employed instead of laying them off…but it never does. It goes into the salaries of the top level executives. Or bonuses. Or their pensions. Or their golden parachutes. But not to the employees, the customers, or the stockholders.
It’s not over, and it’s not just the electric company.