Labor Movements

Is There Hope

Bibliographic Data

ID9202711
AuthorsMichael D Yates, Fernando Gapasin, Fernando E Gapasin
Year2005
Volume57
Issue2
Pages3
Publication date2005-06-02
Open AccessNo
TypeARTICLE
VenueMonthly Review (JOURNAL)
Journal identifiersISSN: 0027-0520 • E-ISSN: 0027-0520
PublisherMonthly Review Foundation (PUBLISHER)
DOI10.14452/mr-057-02-2005-06_2
OpenAlexW2039954228
LanguageEN
Citations received6

For the past thirty years, the class struggle has been a pretty one-sided affair, with capital delivering a severe beating to labor around the globe. When economic stagnation struck most of the world's advanced capitalist economies, beginning in the mid-1970s, capital went on the offensive, quickly understanding that the best way to maintain and increase profit margins in a period of slow and sporadic economic growth was to cut labor costs. Governments and global lending agencies such as the World Bank and International Monetary Fund began to implement policies that made workers increasingly insecureThis article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

Capital (architecture) · Development economics · Economic history · Economics · Economy · Globe · Management · Offensive · Political economy · Political science · Profit (economics) · Profit margin · Finance · History · Labor Movements and Unions

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