Archive for 'Australian economy'
Those nasty unionists have been arguing for a $27 a week increase in the minimum wage from its current ‘exorbitant’ $544 a week. The end is nigh. Or so the bosses tell us. There are about 1.4 million workers whose salary is dependent in some way on the minimum wage. Paying them a slight increase will [...]
Without a left-wing political or industrial focus some of the exploited, the forgotten and the marginalised have turned to nationalism and its twin, racism, as crutches for the loss of working class community and working class strength in action.
We are not yet out of the woods. And if we are I suspect we are in a clearing before we go further into the heart of darkness.
Posted by Leonie, July 21st, 2009 - under Australian economy, Capitalism, China, Creative destruction, Economic crisis, Economics, Global economy, Great Recession, Recession, Stimulus package, United States.
This might be a W-shaped recession, with the W moving towards a w.