Comment 32550

By grassroots are the way forward (registered) | Posted July 31, 2009 at 20:48:34

A Smith writes: The period of time between 1946 and 1979 was the period of time when the middle class was born and the economy grew much faster than today.

The middle class grew because of the labour movement, better wages, benefits and so on down the line. Since the 1980's, there has been a concerted effort to attack this model, labour laws have changed so workers cannot organize as easily, the growth of the precarious job market has also affect that marked decreases for many workers across the board in terms of wages, benefits, lack of access to pensions.

In your reference to China, well because of globization, many of our jobs that produced products have gone over there, and that those workers over there do not have any protection or labour standards.

These are words that someone elsewrote, but they ring so true:

"Then there is consolidation by vertical integration and its heavyweight champion is Wal-Mart, the world's largest corporation. Wal-Mart has made a partner of the Chinese government. Working together, the partners have turned China into a vast subsistence-wage labor camp. China supplies Wal-Mart so it has no need of domestic vendors like the now destroyed Rubbermaid. Armed with the lowest production costs, Wal-Mart's rise up on every other street corner selling every commodity imaginable and every service the corporation can get its hooks into. Wal-Mart lays waste to local economies and then picks up the pieces to become the only butcher, baker and candlestick maker in town. The corporation recently moved to provide banking services in its stores"

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