Ari Paul
Aljazeera America
Boeing's fight against its machinists raises a terrifying possibility about U.S. capitalism. It appears that instead of industrial growth translating into national prosperity, the United States is beginning to conform to what economists call the Iron Law of Wages, which says the natural price of labor is subsistence. The only reasonable pay for workers, the theory goes, is enough to sustain them to live and work to produce value for their bosses and nothing more.
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