James Anderson writes from Washington: As the race to the White House enters its last lap, the prospects are not looking good for the Republicans who are the white collar party. Republicans need to demonstrate that they know how make the economy work for the middle classes and not just for the super-rich.
US manufacturing costs are now up to 20 per cent lower than those of Germany, France, Italy and Japan. They are only 7 per cent above those of China. The new technological revolution – called the additive manufacturing or 3-D printing – is making the US a world leader.
Karl Marx devoted a lot of attention to wages. He argued that capitalists are forced to cut wages in order to stay in business. Those who pay workers more go to the wall. This Darwinian world is softened by the state employing large numbers of workers.
Posted yesterday these are just snippets of Stirring Trouble Internationally - A humorous take on news and current affairs America Is Getting Automated. And It Has A Serious Down Side To It – Less Jobs.
- Karl Marx's 'Das Kapital' in Manga! (dangerousminds.net)
- Karl Marx (rikowski.wordpress.com)
- To Redistribute Or Not To Redistribute: That Is The Question Facing Americans (stirringtrouble.wordpress.com)
- For the Marxists ye have with you always (blogs.telegraph.co.uk)
- Unalienated Labor and the Gameful Life (innovationslab.wordpress.com)
- Breaking News! Rare photo of Karl Marx with mystery man (fellowshipofminds.wordpress.com)
- Letter to the Occupy Movement: The jobs number you never hear about says Washington's fucked (pogoprinciple.wordpress.com)
- The living Wage: Wealth and Romney's Goose (ddbarton48.wordpress.com)
- Chart of the day: The long decline of labor (blogs.reuters.com)