IDEAS home Printed from https://ideas.repec.org/a/erv/ancoec/y2007i3p3-11.html
   My bibliography  Save this article

Crisis of US Capitalism or the Crisis of the US Wage and Salaried Worker?

Author

Listed:
  • Petras, James

Abstract

The 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.

Suggested Citation

  • Petras, James, 2007. "Crisis of US Capitalism or the Crisis of the US Wage and Salaried Worker?," Entelequia. Revista Interdisciplinar, Entelequia y Servicios Académicos Intercontinentales SL, issue 3, pages 3-11, Spring.
    • Handle: RePEc:erv:ancoec:y:2007:i:3:p:3-11
    as

    Download full text from publisher

    File URL: http://www.eumed.net/entelequia/pdf/2007/e03a01.pdf
    Download Restriction: no
    File URL: http://www.eumed.net/entelequia/en.art.php?a=03a01
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Collapse of Capitalism Theory; Capitalist System; Crisis; United States; Wage; Salaried Work; Labour force;
    All these keywords.

    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; Aggregate Human Capital; Aggregate Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erv:ancoec:y:2007:i:3:p:3-11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lisette Villamizar (email available below). General contact details of provider: http://www.eumed.net/entelequia/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.