#millennials-the kids are not all right.

Who are the Millennials? A millennial is anyone born between the early 80’s and the late 90’s – they are a pretty large cohort. Basically, if they’re younger than YOU, they’re millennials. If they’re annoying you, they’re millennials. If you don’t like a style, a trend or a new reality, blame that demographic. Everybody’s doing it. According to the press, they’ve killed the serviette industry and Sears. Really.

Millennials catch hell for just about everything they do or don’t do, buy or choose not to buy. Millennials are scapegoated or mocked almost daily in the media as lazy, vain, celebrity crazed and s­till living with their parents at 30. In fact, they are a socially conscious, diverse and well educated generation, busy challenging the status quo and changing the world in some profound ways.

As workers in their early 20’s to late 30’s, millennials comprise an enormous chunk of the work force. Many struggle to find an entry point into steroid enhanced housing markets, while staggering under crushing student debt. Too many work in jobs that are precarious and poorly paid with few benefits, little security and no hope of a pension. 

The stable union jobs that allowed their parents’ generation to thrive have all but disappeared. The wages that allowed home ownership were the outcome of negotiated collective agreements, but no-one is talking to young people about unions. Organized labour has been so demonized by corporate interests that many union members feel little pride in their membership. As a result, they don’t talk with their kids about the very real advantages of union membership.

Millennials are the first generation who will find it difficult to achieve the same financial stability their parents enjoyed.

In fact, studies have shown that a university educated 30 year old today earns about the same as someone without a degree in 1989, in today’s dollars but of course, the cost of living has skyrocketed.

Few young workers have had much exposure to unions and the bargaining power unionization allows. With many millennials working as interns,  contract labourers or navigating the new “sharing economy”, the idea of collective bargaining seems out of reach. Without it, decent salaries on which to raise a family, buy a home, and save for the future are unlikely.

Millennials starting families are faced with some hard choices. It’s almost impossible to afford daycare for more than one child, but few young families can afford to have one parent stay home – housing costs alone make that choice increasingly difficult. Young workers have some very compelling reasons to join a union and to support the ideals of the labour movement.

Union activism in young workers is in decline, so it’s up to the more seasoned union members to encourage them to look for unionized jobs. Talk to young workers – help them organize their places of work. The loss of good jobs won’t just affect millennials and their children, it will affect every Canadian.

Low wages mean a shrinking tax base, and an ever diminishing ability to fund the services and programs Canadians count on. Canada’s healthcare system will undoubtedly suffer without healthy incomes for this and future generations.

Let’s stop blaming millennials for the real world problems they have inherited. Let’s remember how important unions and union jobs are to communities and families. Let’s support young workers as they try to organize their places of work, and let’s encourage contract workers to find unions that connect and empower free-lance and sharing economy labourers.

Bill C-27 and the Threat to Your Pension

egg-in-basketAhhhhh, retirement! You’ll have all the time in the world to do whatever you’ve been dreaming of for years. You’ve planned, you’ve saved and made sure you had your financial ducks in a row before your last day on the job. Thankful for work that offered you a rock solid pension, a deferred payment plan for your post-work years, you’ve contributed for a long time.

Well fasten your seatbelt, friend. Thanks to a new bill introduced by Trudeau’s Finance Minister Bill Morneau, your defined pension plan is not safe… even if you’ve been retired & collecting your pension for years.

Bill C-27 promotes the establishment of target benefit plans, long considered far inferior to defined benefit plans. If passed, the legislation will permit employers to buy back your defined benefit plan in favour of less expensive (for them) annuities, so long as they have approval from the retiree. And while it seems unlikely that a retiree would agree, if the conditions were right and the pressure was strong, it could happen.

Bill C-27 looms as a real game-changer for Canada’s retirees and workers. For some, the pensions they worked for throughout their working lives are at risk of being fundamentally changed, even after the fact.

I urge you to learn more about Bill C-27. We’ll be in communication with MP Larry Bagnell to ask him to take a stand for all workers, especially those in private federally regulated industries. Many of our members in Yukon stand to be affected by this change, if it goes ahead.

Yukoners from the following Locals will be impacted by this legislative change:

  • Yukon Arts Centre      
  • Yukon College
  • Air North Flight Attendants  
  • Yukon Energy Corporation
  • Yukon Hospital Corporation    
  • Town of Watson Lake
  • City of Dawson            
  • City of Whitehorse

We believe that once the shift is made from defined benefit to target benefit plans, there will be no going back. Few employers will see any need to maintain or sign on to the far superior defined benefit plans.  The erosion of retirement security for Canada’s seniors continues, and with it the erosion of worker rights and the hopes of our young workers for a secure future.  

The Liberal Party did not campaign on allowing employers to pressure workers and retirees into “surrendering” their pension rights. In fact, it signaled to voters  that it would protect these rights. The government has no mandate for this extreme legislation.  

Already, beleaguered workers have begun to shrug their shoulders and say things like “well, we’re just lucky to have any pension at all”. WHY? Pensions are supported by the employer and the employee… part of a contracted benefit package that includes a portion of salary held for later. It’s not a gift, it’s not a luxury and it’s not something you should expect to lose. Solidarity is needed if we hope to defend pensions; we should not be afraid we’ll lose it all if we object.

Workers need to stand together against these constant erosions of your rights now, if we hope to shore up any hope of pension security for young workers at the beginning of their work lives.

If the legislation passes, the precedent will be set and other employers can be expected to quickly follow suit. Join us in calling on Member of Parliament Larry Bagnell to help stop this bill; email Larry.Bagnell@parl.gc.ca.

In solidarity,
steve-geick-signature-dec-2011

Steve Geick, President
Yukon Employees’ Union