My Bookmarx 01/15/2012
15 يناير 2012 بواسطة Tamer Mowafy
Contract workers denounce low wages in US auto industry
Despite the vast differences in technology, the modern automotive assembly plant in the US increasingly resembles the auto factory of the 1930s. A growing number of workers, particularly younger new hires, are now earning what their great grandfathers did before the United Auto Workers (UAW) was established in the sit-down strikes 75 years ago.
In the present situation, however, rather than defending workers, the UAW is functioning as a cheap labor contractor. So thoroughly has the UAW reduced wages that American automakers are now boasting they can produce cars as profitably in the US as in Mexico, China or other low-wage countries.
Not only has the UAW sanctioned second-tier wages of $16 to $19 an hour—little more than half of what traditional workers earn. It has also opened the door to a third tier of contract workers who earn as little as $9 an hour, with no medical or retirement benefits. Up until a few years ago, the jobs they perform, such as materials handling, would have been done by workers paid $29 an hour.
Volkswagen’s Tennessee plant sets new standard for low wages
Volkswagen’s new plant in Chattanooga, Tennessee, made headlines this year as the first US auto assembly plant to pay its entire production workforce the lowest starting wage for new US autoworkers—$14.50 per hour.
Europe: crisis upgraded | Counterfire
Standard and Poor, one of the major credit rating agencies, has downgraded nine European economies’ credit ratings – including, critically, the core European power of France, a country that has not defaulted on its debt since 1812. S&P believe the nine are now more likely to default on their sovereign debt.
Why Egyptian Fiscal Policy Should Not Succumb to Economic Populism | Atlantic Council
“Bread, freedom and social justice,” was one of the slogans chanted in Tahrir square and elsewhere in Egypt during the January 2011 revolution. The slogan captures the economic, political and social aspiration of the Egyptians, after decades of deprivation and authoritarianism.
ننشر نص بيان البرادعي الذي يعلن فيه انسحابه من الترشح للرئاسة | الدستور
أعلن الدكتور مدير الوكالة الدولية للطاقة الذرية السابق، الدكتور محمد البرادعي، انسحابه من سباق الترشح لرئاسة الجمهورية، مؤكدا أن قراره عدم الترشح لمنصب رئيس الجمهورية ليس انصرافاً من الساحة، بل استمرار لخدمة الوطن بفعالية أكبر، من خارج مواقع السلطة ومتحررا من كل القيود، وموضحا أن النظام السابق يبدو كأنه لم يسقط، وكأن الثورة لم تقم بعد.
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