Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Of course low wages are correlated with high unemployment.  Workers are paid whatever they can demand, and their ability to demand is in direct proportion to their political strength in government and their economic strength at the bargaining table.  High unemployment destroys theat bargaining power, and lets employers pay less for what work they choose to make available.
by Zwackus on Sun Sep 1st, 2013 at 12:32:09 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Winning Diplomacy

by Frank Schnittger - Jul 10
16 comments

Epilogue Chris Steele

by Oui - Jul 12
2 comments

Brexiteers and Buccaneers

by Oui - Jul 7
16 comments

Municipal elections in France

by eurogreen - Jun 28
24 comments

Occasional Series