As we switch to a global economy, the localized pockets of high wages/high cost of living and low wages/low cost of living will normalize towards a mean that reflects true costs and appropriate wages. There definately are going to be some growing pains! We and Western europe are going to experience some dificult economic times.
--- cardemaister <[EMAIL PROTECTED]> wrote: > http://po.org.ar/poen/2005/poen923/poen923004.htm > > General Motors, on the verge of bankruptcy > > Delphi, the biggest auto parts supplier in the > United States, aims to > force a wage reduction of 66% in the next collective > bargaining > agreement. It intends to go from the current 27 > dollars an hour to > 9.50 dollars. In addition it demands cutbacks in the > pension and > health plans. > > The bosses argues that it needs to produce this > historic reduction in > the wages of its workers in order to be able "to > compete" with its > own plants installed abroad: two thirds of Delphi's > employees live > outside of the United States. The Mexican workers of > the company > receive 7 dollars an hour; those of China, 3 > (ClarÃn, 30/10). > > Delphi's "example" is spreading all over the > country: after having > flexibilized the working conditions and wages of > millions of > unskilled workers in the service sectors and > non-unionized companies, > big capital is now getting ready to mount a > monumental attack on what > the bosses media describe as an "aristocracy": the > more concentrated > and organized sector of the industrial proletariat > of the big > corporations. Recently, the mechanics of Northwest > airlines were > themselves forced to accept a wage reduction of 26%. > > > After accumulating mountains of losses, Delphi has > filed for > bankruptcy protection. It intends to save itself by > crushing its > workers. Nevertheless, according to its own > president, Miller, "our > problem is not the most urgent; GM's is more serious > ". The man knows > what he is talking about: until not long ago Delphi > was a subsidiary > of General Motors. > > > > > > > > ------------------------ Yahoo! Groups Sponsor > --------------------~--> > Ever feel sad or cry for no reason at all? > Depression. Narrated by Kate Hudson. > http://us.click.yahoo.com/YbEMxA/ubOLAA/d1hLAA/0NYolB/TM > --------------------------------------------------------------------~-> > > > To subscribe, send a message to: > [EMAIL PROTECTED] > > Or go to: > http://groups.yahoo.com/group/FairfieldLife/ > and click 'Join This Group!' > Yahoo! Groups Links > > > [EMAIL PROTECTED] > > > > > > > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com ------------------------ Yahoo! Groups Sponsor --------------------~--> Ever feel sad or cry for no reason at all? Depression. Narrated by Kate Hudson. http://us.click.yahoo.com/YbEMxA/ubOLAA/d1hLAA/0NYolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
