This Reuters story from Los Angeles highlights the trend towards increasing power of big business and the the ineffectiveness of the unions. It’s a MUST READ, in my view. Check it out!
More than 50 arrested at Los Angeles protest over Wal-Mart wages | Reuters.
Whether one focuses on the US or the UK, the quality of jobs being created by Governments focusing on too much austerity, leaves a lot to desired. For further evidence, see the FT’s article on the UK.
Let me turn this to an open question:
Have employees lost too much power to big-business in the Anglo-Saxon economies like the US & the UK?