Consequences of the neoliberal policies of the U.S. and Germany’s labor market
<span>Since the 1970s, the major capitalist economies have a profitability crisis that led to international capital to seek alternative performance. In order to maximize profit rates, among other measures, these reforms proposed labor market reforms. This strategy began in the United States, a...
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| Format: | Article |
| Language: | English |
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Universidad Autonoma de Baja California
2013-07-01
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| Series: | Estudios Fronterizos |
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| Online Access: | http://ref.uabc.mx/ojs/index.php/ref/article/view/67 |
| Summary: | <span>Since the 1970s, the major capitalist economies have a profitability crisis that led to international capital to seek alternative performance. In order to maximize profit rates, among other measures, these reforms proposed labor market reforms. This strategy began in the United States, and is quickly seconded by many Latin American governments and the United Kingdom. In Germany this process took a few years mainly due to political issues such as the existence of a strongly organized labor unions, and the existence of the Soviet Union, who exercised counterweight to U.S. hegemony. This article addresses the socioeconomic consequences of these reforms of labor markets in the U.S. and Germany, which mainly imposed wage restraints and the deterioration of the quality of life of the majority of workers linked to significant increases in inequality.</span> |
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| ISSN: | 0187-6961 2395-9134 |