La Cucaracha by Lalo Alcaraz for February 23, 2014
Transcript:
Barrio Bugle You're an earner Mr. Jefe: They say the last ten years of your working life are the ones when you earn the most... and mostly pay for your retirement. Eddie: Uh huh. Why are you giving me this advice now, Mr. Jefe? Mr. Jefe: Work harder, Lopez. I've only got ten more years for you to pay for my retirement.
You’re lucky, indeed. When Tricky Dick froze wages, my wages were frozen. No stock options.And, since Reagan, raises have been cost-of-living. No way to get ahead there. Then my pension became a 401k, at the whim of the market. Whatever investments I chose, it went down.