The Global Economic Mismatch: High Technology and Low Pay

Labour economist, Henry Schechter concludes that a need exists for more international prohibitions, and to maintain open channels for collective bargaining in pursuit of higher wages. He presents an analysis of recent changes in the United States and elsewhere, highlighting the spread of automated production technology to lesser-developed, low-wage areas of the world. He argues that this leads to global demand-supply imbalances, and downward pressure on wages. This circumstance, he charges, is aggravated as multinational corporations affiliate with one another, reducing competition and increasing monopolistic influences worldwide. This work is aimed at scholars and policymakers concerned with fiscal and labour economic policies, in academia, government business and the labour movement.