[lbo-talk] Neoliberalism Hits a Speedbump?

[michael perelman]

Yes, China wants to develop its consumer base, but other countries are
having to respond to the demand for higher wages because of pressure
from below.  Are Asian elites more advanced or are they responding to
working class pressure that is non-existent here in the US.

On Thu, Mar 15, 2012 at 10:28 AM, Tony Rolfe <mr.tony.rolfe at gmail.com> wrote:
> 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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-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com