|Obama Labor Day Photo Op|
The New York Times reports that there have been virtually no net full-time jobs added in the U.S. over the past three years — since the depth of the recession. A key reason the unemployment rate has declined is because so many people have stopped looking for work; adult work-force participation is near historic lows. The vast majority of jobs being created are part time, often without benefits. The U.S. Labor Department reports the average workweek is now less than 33 hours in several huge industries: leisure/hospitality, education, health services and retail trade.
In the classical terminology of Marx, a large reserve army of labor reduces both the individual and the collective bargaining power of workers, enabling capital to take a bigger piece of the economic pie. The Economic Policy Institute estimates that between 2007 and 2012, wages fell for the lowest 70 percent of all wage earners, despite productivity growth of 7.7 percent. -- Economix
|Last night's meeting. (Inquirer)|
The district is seeking pay cuts of five to 13 percent, cutbacks in health care, a longer school day and flexibility to assign teachers to schools without regard for seniority. Sounds like Chicago, Detroit, L.A....