Bhaskar Sunkara
speaker
1,609 appearances
1 recordings
1 series
first heard Dec 2022
last heard Dec 2022
Bhaskar Sunkara’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
And the union is setting, through marketing, the union is setting the wages across the sector.
Okay.
But the unions, and let's say GM is the most productive of these companies.
Ford is number two.
Chrysler is number three.
The unions would intentionally set the wages, set their benchmark to Ford in the middle.
So what that would do is say to Ford, OK, Ford will stay in business because they'll be able to meet the wage demands.
Chrysler's probably might go out of business because, you know, they won't be able to meet the demands or they'll have to really adapt really quickly.
They might have to lay off people.
They might have to restructure.
So union knows this in advance and all the auto workers know this.
But the most efficient manufacturer, GM, now has excess profits.
Because if they were negotiating with just the GM workers, the GM workers might even have been able to demand more.
But instead, these workers are pegging their wage demands to Ford's level.
And GM is, in theory, able to expand and employ more people and adopt new production techniques with their surplus.
Then...
Those Chrysler workers would be absorbed by the state by active labor market policies, then put back to work for GM or for these expanding sectors.
So in other words, you're now in a situation where the state has a pretty big role in your economy, taking a lot of your money in taxes.
Unions are really shaping things.
Your your life as a capitalist far more that would happen in a country like the United States.
Showing 441–460 of 1,609 · page 23 of 81
← Previous
Next →