Tag Archive | "Globalization"

President-Elect Obama, Some “Unconventional” Economic Thinkers To Consider

  President-elect Obama has publicly stated that he wants "unconventional" thinking among the people who give him advice on the economy. Fantastic. So, here are some suggestions.    I’m throwing out these suggestions—-and welcome others—-partly because of the debate zapping around progressive circles about how critical progressives should be about the incoming Administration. I find […]

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Concessions–And now What?

   Not a happy day for auto workers–and, frankly, for workers everywhere. The UAW, as most of you know by now, has agreed to new concessions to try to save the auto companies. From The Wall Street Journal: Two weeks after insisting his union had already done enough to help the car makers, UAW President […]

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Concessions–And now What?

   Not a happy day for auto workers–and, frankly, for workers everywhere. The UAW, as most of you know by now, has agreed to new concessions to try to save the auto companies. From The Wall Street Journal: Two weeks after insisting his union had already done enough to help the car makers, UAW President […]

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Auto Workers In The Cross Hairs

   Even though I’ve suggested that auto workers should not pay for the mistakes made by the industry’s executives, the drumbeat has been pretty persistent that the workers will take another hit. And it picks up in today’s New York Times: While the union has not agreed to reopen contracts at General Motors, Ford and […]

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Global Wages Declining, Inequality Up

   Later today, the International Labor Organization will release a sweeping report on global wages. I’ve got a copy and here is the upshot: wages declined in most countries, inequality increase and, thank you very much, a lot of that can be blamed on the wonders of so-called "free trade".   The ILO is an […]

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Big Media: Screw The Auto Workers

Memo to the traditional media: you want to see the auto industry go down? Fine. But, at least try to give the facts about what workers have undergone in the industry–an assignment that most of the traditional media could not live up in its coverage of yesterday’s hearings on the proposed bailout.   The facts […]

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Unions Made Detroit and America–They Shouldn’t Pay For Execs Mistakes

    Yesterday, I posted a dairy about the right way to bailout the auto industry. I have no issue with those people who disagree with the basic premise that we should bailout the companies. But, in other places where I posted this and generally out there in the ether, there was a shocking level of […]

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The Voters Say: The End Of So-Called “Free Trade” Is Nearer

   If policy was constructed by the people, not the wishes of the lobbyists and corporate interests, we would never see a so-called "free trade" deal pass Congress again. That’s pretty much the upshot of the 2008 elections–though, believe me, this fight ain’t over yet.     I would argue that the issue of trade […]

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China Isn’t Cheap Enough

   A couple of weeks ago, I noted that corporations were now beginning to think that China, with its rising prices and increasing wages (relatively speaking), wasn’t cheap enough. And, so, comes another report via Reuters: The result is higher prices at U.S. stores like Wal-Mart and Target that have increasingly filled their shelves with […]

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Sen. Obama, Will You Co-Sponsor The TRADE Act?

Yesterday, I highlighted the rolling out of a very important piece of legislation: the Trade Reform, Accountability, Development, and Employment Act of 2008 (cleverly, the TRADE Act). So far, the only Senate co-sponsors, who have joined the bill’s sponsor Sherrod Brown, are Byron Dorgan, Russ Feingold, Bob Casey and Sheldon Whitehouse. So, today, it’s worth […]

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