Since Adam Smith’s “perfect competition world” of small entrepreneurs and skilled artisans was replaced by the industrial world the simple (if catastrophic) problem for (100 times more productive) interchangeable workers has been the RACE TO THE BOTTOM. The simple solution now practiced all over the better paying world is SECTOR-WIDE labor agreements (or some equivalent).
This is not ideology. This is merely mechanical. It is that simple.
Posted by ddrew2u on Nov 13, 2007 at 8:59 AM