Max Keiser and Stacy Herbert with a double header discussthe economics of low wages as productivity gains go to owners of capital rather than providers of labour to create that wealth. They look at declining union membership and the rise of temp work, such as “mini-jobs” in Germany and zero hour contracts in the United Kingdom, as a means of removing collective bargaining power from workers while owners of capital and corporations gain power through collective bargaining agreements known as international ‘free trade’ deals negotiated by their union rep - the US State Department.
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