On this week's episode of Economic Update, Prof. Wolff provides updates on mistreated homeless, keeping millions from voting, 'I, Daniel Blake,' 3000 water systems like,Trump's foreign employees, unequal retirement USA, Sen Whitehouse on anti-science. READ MORE
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This quote is from the statement published by the “World Socialist Web Site Autoworker Newsletter” …“in the wake of the announcement of mass layoffs by the Detroit-based automaker.”
“In December, GM announced that it would eliminate a full shift and nearly 1,300 jobs at its Detroit-Hamtramck assembly plant. At the same time, GM said it would idle five other plants in January, including the Detroit-Hamtramck plant, from one to three weeks, impacting some 10,000 workers. On top of the shift elimination at the Detroit-Hamtramck plant, GM earlier announced that it is suspending the third shift at its Lordstown, Ohio and Lansing River plants, impacting another 2,000 workers.”
“Nearly half of the workers being cut at the Detroit-Hamtramck plant are temporary workers. Others are contract workers for GM Manufacturing Subsystems who make poverty wages of as little as $12-$13 an hour. GM timed the announcement so that workers hired in April 2016 will not have one year seniority when the job cuts take place in March and therefore will not be eligible for supplemental unemployment benefits (SUB pay).”
Read the full statement here:
http://www.wsws.org/en/articles/2017/01/05/pole-j05.html
..-.-The global over productivity is at a point of no return. As such, simple group effort to earn a living wage is not a matter of collective manufacturing effort. India has just announced (as of 1/3/17) a Basic Income for Everyone. This follows their making illegal the old currency. Should they execute that Basic Income idea and it stimulates internal demand, India will have created a self perpetuating economic engine. Or something so close to it that no one will mind a little debt funding fudging. These are the lines along which the US economy and government must focus. No Co-op needed, just a petition to declare corporate obese profits and un-invested savings, the property of the working class. Otherwise the shameful income disparity will fester into a putrid society that will die of its own uncooperative capacity. Typical 20-somethings now are; obese, lazy, unmotivated, college educated, undedicated and dirt poor. I think Adam Smith would be arguing that these (ahem) kiddos need to get a paycheck for getting educated in multiple discipline degree programs so that they have the intellectual range to; for example, operate a bull dozer on Monday and oversee a robotic knee transplant on Friday.
..-.-.-Keep the thinking coming Dr. Wolff. Should this Socratic exercise and intellectual banter yield anything practicably productive it will be well worth it. Though it already does have considerable worth.