Re: Response to Henning and Mitchell

[Doug Henwood <dhenwood@xxxxxxxxx>]

On Fri, 15 Apr 1994, Paul Davidson wrote:

>           The demise of unions in the US is closely associated with the
> improvement of the lot of workers to the status of the middle class under
> Keynes's domestic domand management plus US accepting the onus of B-of-Pay=
> ments adjustment in the early years of Bretton Woods. Reverting tothe
> preBretton Woods mentality does not mean the restoration of unions. Even
> in Thatcher's England and Reagan's US, the workers had more to lose than their
> chains, as Arthur Scargill learned.

Real wages in the US are down 16% in the last 20 years with no sign of
reversal. We now see Laura Tyson cheering this development over the past
year as a sign that inflation is under control. The British economy is a
wreck, and much of the British working class with it. What are you
talking about?

Doug

Doug Henwood [dhenwood@xxxxxxxxx]
Left Business Observer
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