Re: Golly Gee Beav, the poor are gettin

[Jeffrey Booth <booth2@xxxxxxxxxxxxxxxx>]

But might a rail-worker go to the wall over health and safety, lay-offs,
or an insecure future for his/her family?  And what about the real
possibility of some sort of war arising out of all the various
imperialist manouvres?  From what I've read of Jon's posts, he would not
make a simplistic "Labor Aristocracy" argument but I just thought I'd
throw these comments in.

On Tue, 16 Jul 1996, Doug Henwood wrote:

> At 11:11 AM 7/16/96, Jon Flanders wrote:
>
> >  The disparity of wealth will become explosive in the next
> >recession-depression when wage cuts and more concessions are demanded of the
> >workforce. Right now there is plenty of grumbling, but as long as token wage
> >increases get handed out, someone like a rail worker making 30-40 thousand a
> >year is unlikely to go to the wall over CEO compensation.
>
> It's worth pointing out that this is the point of the U.S. business cycle
> during which things are about as good for the working class as they get.
>
> As I type, the Dow is down 86 points. The stock market is in a rout. Wonder
> if this is just a little local storm, or the potentially ugly end to the
> great middle-class stock boom?
>
> Doug
>
> --
>
> Doug Henwood
> Left Business Observer
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>
>
>
>
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