At 5:59 PM -0400 10/22/03, Doug Henwood wrote:
Yoshie Furuhashi wrote:
We should make wages relative to labor productivity an issue, though.
Good luck explaining the concept.
=============
Why Wojtek, I didn't know you lurked on pen-l.
Here's a problem. As long as people's wages are rising by n%, it's
hard to make them upset that profits are rising 1.5n%. American
incomes have been polarizing for over 25 years. Why has it never
become a serious political issue?
The dearth of political institutions -- unions, political parties,
etc.-- making a big issue out of real wages, work hours, etc.
relative to productivity trends?
--
Yoshie
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