Doug questions whether a 4 per cent US unemployment rate would not do anything
other than strengthen labour's hand agin capital.
in usual times it would be horrific to capital to have a low ur. but these days
with the cappos fractionalising more and more work into smaller unskilled type
segments, a 4 per cent ur may just mean lots of casual/part-time jobs in
dislocated service centres taken by people who may have only an instrumental
attachment to the labour force (in OZ school kids taking bic mac jobs).
the unions have always found it hard to organise women in the service sector.
the trends now indicate their task is that much harder. the amount of large
(one-plant) firms is declining around the world.
so it all depends Doug, but 4 per cent now is different to 4 per cent in the
1960s.
kind regards
bill
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