If, in the US, then
If you were to estimate what caused the increasing rate of profit during
the last decade, how much credit would you give to
weakening unions [8%]
globalization[6%]
lower environmental/regulatory standards [4%]
financial shenanigans (i.e., manipulating pensions)
Ian, you win the prize.
If, in the US, then
If you were to estimate what caused the increasing rate of profit during
the last decade, how much credit would you give to
weakening unions [8%]
globalization[6%]
lower environmental/regulatory standards [4%]
financial
weakening unions [8%]
globalization[6%]
lower environmental/regulatory standards [4%]
financial shenanigans (i.e., manipulating pensions) [30%]
new technology [15%]
better management [37%]
please tell me I'm wrong, Ian
o.k. You're wrong. Lower standards implies that
there
The rest,
including technology, is guesswork, IMO.
mbs
===
What would need to happen to get adequate metrics for the other factors?
Ian
lower environmental/regulatory standards [4%]
Max,
I guessed at this being above zero on the odds that firms litigate their way
to exemptions which have a cumulative effect of hollowing out enviro. regs.
despite their being formally on the books.
Ian
At 08:05 AM 8/23/00 -0700, you wrote:
If you were to estimate what caused the increasing rate of profit during
the last decade, how much credit would you give to
weakening unions
globalization
lower environmental/regulatory standards
financial shenanigans (i.e., manipulating pensions)
new
Michael Perelman wrote:
If you were to estimate what caused the increasing rate of profit during
the last decade, how much credit would you give to
weakening unions
globalization
lower environmental/regulatory standards
financial shenanigans (i.e., manipulating pensions)
new technology
better
From Douglas Dowd's newly published "Capitalism and its Economics: a
critical history" (Pluto Press):
"One need not be enamored of corporate profits to believe that within the
framework of a capitalist economy profits going to those involved in
production are more likely to be positive for the
Lisa Ian Murray wrote:
The rest,
including technology, is guesswork, IMO.
mbs
===
What would need to happen to get adequate metrics for the other factors?
I've just been reading some papers estimating the contribution of
trade to widening wage inequality. The estimates range from 2%
Behind high profits are low real wages for most categories of production
workers (during a period of good economic growth).
These low real wages are the product of in part a changed cultural
landscape. This, in turn, was consciously created by firms and their friends
in the 1970s and 1980s.
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