Posts Tagged ‘Canada’

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That’s right: even as the United States is producing more cars than ever, U.S. (and Canadian) workers have never made so few of the parts that go into making those cars.

As the Wall Street Journal explains, this trend casts a long shadow over the much-vaunted comeback of U.S. car manufacturing.

As the inflow of low-cost foreign parts accelerates, wages at the entry level are drifting away from the generous compensation packages that made car-factory jobs the prize of American manufacturing.

At an American Axle & Manufacturing Holdings Inc. car-parts factory in Three Rivers, some new hires are paid as little as about $10 an hour, roughly equivalent to what the local Wal-Mart will pay. John Childers, a 38-year-old assembly-line stocker, said he is grateful for the job but finds it tough to get by on the money he and his fiancée make at the plant.

“Lower class is what we are,” he says. “Let’s be honest.”

Public art of the day

Posted: 28 January 2015 in Uncategorized
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mike4jan

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10616182_10152472189331680_5943976194040548908_n Ben Jennings 26.12.14

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capitalism kills by Metro Centri

Another study, published by the British Journal of Psychiatry [paywall], has confirmed that “there has been a substantial rise in ‘economic suicides’ in the Great Recessions afflicting Europe and North America.”*

What the authors found is that, suicide rates either increased (for most countries in Europe, where suicide rates had been falling, and Canada, where rates had been stable) or accelerated (for the United States and Poland, where suicide rates had already been rising) after the onset of the latest economic crisis. Their conclusion is that “there have been at least 10 000 more economic suicides than would have been expected in the European Union, Canada and the USA since the Great Recession began in 2007.”

Since “economic suicides” are preventable, the authors offer three options that “may increase mental health resilience during economic shocks”: access to secondary prevention, active labor market programs, and greater gender equality in the workplace. Their view is that “Recessions will continue to hurt, but need not cause self-harm.”

In my view, we can go one step further, by recognizing that the economic conditions that lead to “economic suicides” are themselves preventable. So, in addition to what the authors suggest, we need to consider creating alternative economic institutions—ways of organizing the economic system that make sure people are not forced to pay (because of unemployment, indebtedness, and so on) the ultimate price of severe downturns in economic activity and that undo the causes (including the way corporations are organized and macroeconomic policy formulated) of recessions and depressions in the first place.

 

*I discuss an earlier study, published by Lancet, here.

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