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I. Regarding Zero-hours contracts: The UK worker should be thankful they don't have the following US labour "freedoms": 1. "Employment At Will" 2. Privately in
by hwstar 11y ago
I. Regarding Zero-hours contracts: The UK worker should be thankful they don't have the following US labour "freedoms":
1. "Employment At Will"
2. Privately insured healthcare
3. Exempt employment and no limit on hours per week demands.
American workers are at a significant disadvantage to their first world counterparts.
II. I don't see labour market dynamics changing any time soon for the good of the average worker in a first-world country. There's an army of reserve labour in the African nations, India, Cuba, Bangladesh, Vietnam, and maybe even North Korea.
III. In the best case, living standards in the first world countries will deteriorate and meet the the improving
living standards third world countries in the middle.
In the worst case, there will be war. War brings economic opportunity on a big scale to the world's working population. After the depression in the 30's it took World War II to improve things for the US and UK. Even Germany and Japan recovered nicely.