The Philippines: Where a legislated wage hike is poison

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IF there is heartwarming news from other parts of the world that is breaking through the stories of wars, bloodletting and never-ending strife dominating our screens these days, this is news from organized workers and trade unions flexing their muscle to get fair and decent returns from their labor and succeed.

Industrial workers, service workers and creatives in parts of the world have been staging strikes to press their demands for better compensation and improved working conditions — seemingly quixotic quests — only to see the corporate overlords bend and negotiate.

We also saw 'Scranton Joe' — United States President Joe Biden, who has his roots in the blue-collar hamlet of Scranton, Pennsylvania — join the line of striking automobile workers in Michigan last month. The president of the world's biggest economy at the picket line? Remember that the $109 trillion value of the global stock market is essentially a very simple story: the US bourses and the rest, and the US as a country where the corporate overlords exercise outsize power.

 

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