[lbo-talk] good news! more job declines coming!!

mike larkin mike_larkin2001 at yahoo.com
Mon Sep 29 15:02:52 PDT 2003


--- Doug Henwood <dhenwood at panix.com> wrote:
> mike larkin wrote:
>
> >So the bond market does have something in common
> with
> >the left.
>
> Not the left I belong to, man. I think tight labor
> markets are good
> for the working class, and slack ones, bad.
>
> Doug

Oh, I agree completely. I was just taking a shot at those "doom and gloom" leftists who think mass unemployment is good because it will lead to the Revolution.

Tight labor markets seem to function as something of a de facto labor union, as I'm sure I'm not the first to notice. Where I work, people were much more outspoken, almost defiant, when jobs were plentiful around '98-99. Managers were cowed, and were encouraged by Human Resources to "get in touch" with their employees, who would often just walk out the door anyway. Ah, the late 90s......

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