[lbo-talk] Neoliberalism Hits a Speedbump?

[Tony Rolfe]

I guess to me it suggests the opposite: that Asian elites are far more
advanced in their economic planning.  I'm not cynical enough perhaps,
but I think a rational desire exists in China to grow the domestic
consumer base--versus being completely reliant on exporting goods
abroad.  Establishing or raising a minimum wage doesn't seem
inconsistent with that idea.

OK, that's my 3 today.

On 3/15/12, michael perelman <michael.perelman3 at gmail.com> wrote:
> I posted this because I think it is fascinating the way it suggests
> class awareness is far more advanced within the Asian working-class
> than in the West.  Can you imagine governments in Europe or the United
> States today telling business that they must raise wages because they
> fear the voters?
>
>
> Here is the reference for the article.
>
> James Hookway, Patrick Barta, and Dana Mattioli. 2012.
>    "China's Wage Hikes Ripple Across Asia." Wall Street Journal
>    (13 March).
>
> http://online.wsj.com/article/SB1000142405270230445000457727911
>    1724105828.html?mod=ITP_pageone_0
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
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