http://triplecrisis.com/europe-and-the-return-of-class-conflict/ Global Perspectives on Finance, Development, and Environment Thu, 09 Feb 2012 15:49:02 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://triplecrisis.com/europe-and-the-return-of-class-conflict/comment-page-1/#comment-1351 Matías Vernengo Wed, 23 Jun 2010 20:38:00 +0000 http://triplecrisis.com/?p=840#comment-1351 Bartosz, the problem is that it's not even true that reform increases efficiency. Making it cheap to fire workers is an instrument to reduce their bargaining power, and lowering their wages. It is not necessary the case that reducing worker's protections lead to investment in better technologies and higher productivity (efficiency). In fact, in general investment responds to growing demand, and lower wages make it less likely that demand would increase, making improvements in efficiency unnecessary. Bartosz, the problem is that it’s not even true that reform increases efficiency. Making it cheap to fire workers is an instrument to reduce their bargaining power, and lowering their wages. It is not necessary the case that reducing worker’s protections lead to investment in better technologies and higher productivity (efficiency). In fact, in general investment responds to growing demand, and lower wages make it less likely that demand would increase, making improvements in efficiency unnecessary.

]]> http://triplecrisis.com/europe-and-the-return-of-class-conflict/comment-page-1/#comment-1337 Bartosz Bartkowski Tue, 22 Jun 2010 08:14:24 +0000 http://triplecrisis.com/?p=840#comment-1337 "Reforms in the workplace may lead to increased market efficiency but lower worker job satisfaction and therefore a reduction in their sense of well-being." (Stiglitz, Sen, Fitoussi: "Mismeasuring Our Lives") Now there is a question: what is more important to the Spanish government? And furthermore: what should be more important? I think it shouldn't be the impersonal efficiency of any impersonal markets. “Reforms in the workplace may lead to increased market efficiency but lower worker job satisfaction and therefore a reduction in their sense of well-being.” (Stiglitz, Sen, Fitoussi: “Mismeasuring Our Lives”)
Now there is a question: what is more important to the Spanish government? And furthermore: what should be more important? I think it shouldn’t be the impersonal efficiency of any impersonal markets.

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