On Wednesday, October 22, 2003 at 18:27:21 (-0400) Yoshie Furuhashi writes: >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?
Not to mention the power of other institutions (e.g., media) doing just the opposite. Bill
