Crisis of US Capitalism or the Crisis of the US Wage and Salaried Worker?
AbstractThe Collapse of Capitalism (COC) Theory, usually supported by leftist people, is being denied by economic fundamentals facts and corporate profit data. Any constrictive or critical circumstance claimed as threatening the status quo has been efficiently redirected toward labour force exploitation. The way in which capitalist model can survive and improve is by mean of slow growth of wages and salaries (progressive decrease of their real purchasing power) and the labour rights removal, even inside richest countries, as the United States.
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Bibliographic InfoArticle provided by Entelequia y Grupo Eumed.net (Universidad de Málaga) in its journal Entelequia. Revista Interdisciplinar.
Volume (Year): (2007)
Issue (Month): 3 (Spring)
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Web page: http://www.eumed.net/entelequia/
Collapse of Capitalism Theory; Capitalist System; Crisis; United States; Wage; Salaried Work; Labour force;
Find related papers by JEL classification:
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- D69 - Microeconomics - - Welfare Economics - - - Other
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
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