[Marxism] Wage Reduction Made in the USA
callmesmitty at yahoo.com
Tue Jul 15 13:32:36 MDT 2008
Wage Reduction Made in the USA
Auto capital eliminates its social dead weight
GM, Ford and Chrysler, “The Big 3” of the American automobile industry, are no longer successful enough in the competition on the world's largest domestic automobile market. The competing American multinationals agree that this is an unbearable situation, so costs must be reduced. And the costs that are first and most crucially in sight are the wages of the employees who once had been regarded as living proof that in the heartland of modern capitalism the American worker – successfully represented in a union – earns a good income for good work ...
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