Tag Archives: trade unions

Kalecki quote. The Case for Concerted ActionMichal Kalecki On The Effect Of Wages On Employment V. RamananSee also @Brankomilan leads us to this (french) pieceabout Austria. It states that the Austrian government enacted a new law which authorizes working days of 12 hours and working weeks of 60 hours.A). This is a clear case of retrogression. It’s good to read what, in 1921, the International Labor Office stated in its first annual report…. Real-World Economics Review BlogProductivity in...

The information transfer model tracks this pretty well. Information Transfer EconomicsUnions, inequality, and labor shareJason Smith

Neoliberal union-busting in full swing.CounterpunchEU Imposes Anti-Union Law on GreeceWill Podmore

Marx’s views are expressed well in Value, Price and Profit, which was a series of lectures he delivered in 1865, even though it was first published in 1898: “These few hints will suffice to show that the very development of modern industry must progressively turn the scale in favour of the capitalist against the working man, and that consequently the general tendency of capitalistic production is not to raise, but to sink the average standard of wages, or to push the value of labor more or...