[lbo-talk] Value of the dollar

Doug Henwood dhenwood at panix.com
Tue Jan 31 07:52:08 PST 2012


On Jan 31, 2012, at 10:18 AM, // ravi wrote:


> But neither of those points says much, does it? You would expect more labour militancy where the alternative is mass suicide, toxic work environments with spiking cancer rates, etc. Second, wages are bound to increase when the economy is growing at a good clip. No?

You wouldn't necessarily expect the first, no. Sometimes workers are so beaten down that they don't protest at all. How much militancy has there been in Latin America during the neoliberal era?

And there's not much relationship between growth & wages. Here in the USA, per capita GDP has nearly doubled since 1973, but the real wage is nonetheless down.

Doug



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