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Last month I read an article that first appeared in the Huffington Post titled "X Marks the Spot Where Inequality Took Root: Dig Here". It explains how real wages in the US shadowed growth in productivity in the years after World War II. But in the mid-1970s wages growth completely stalled. If wages had continued to shadow productivity growth they would now be double what they are today. This explains a lot about contemporary US society: all the gains of increased productivity have been absorbed by the rich. -
In a big development in industrial dispute involving Carlton and United Breweries (CUB) and the 55 maintenance workers it has sacked in Melbourne, the contractor at the centre of the dispute, Programmed Skilled, has broken its contract with the brewery. The 55 workers were sacked in June — then offered their jobs back with a 65% pay cut. The company brought in unskilled scab labour, with the sacked workers, backed by the Electrical Trades Union (ETU) and the Australian Manufacturing Workers Union (AMWU), picketing the Abbotsford factory.
Analysis
Analysis