collected snippets of immediate importance...


Friday, March 26, 2010

Jason stanley, "comrades or competitors?"

(12): challenges to solidarity in global market, for three reasons
  1. inequality is greater in global market
  2. cross-border immobility--capital mobility increases price elasticity for labor, from perspective of capital [but would they not still be competing, for jobs, even if there were mobility?]
  3. an appreciating currency increases the price of labor; workers have no control over appreciation/depreciation, yet it will provoke cross-border hostility
(23-24): in the aftermath of the Auto Pact--because of appreciation in the US dollar beginning in the mid-70's, real wage costs were lower in Canada till the mid-80's. this made the crisis of the late 70's less severe, and the recovery of the early 80's stronger. [in this narrative, currency appreciation is at the forefront -- but not clear how labor immobility is working to undermine solidarity? isn't it more like divergent skill?]

(30-31): since cabotage routes were not part of the liberalization agreement and since freight was a small part of the IBT for american workers, there was muted response, on their part. canadians were more up-in-arms after liberalization of their half in the late 80's--in '86, a nationalist proposal was defeated; but in '89, it passed. importance of political economy ftw!

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