{"id":35759,"date":"2018-07-06T08:29:33","date_gmt":"2018-07-06T13:29:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35759"},"modified":"2018-07-06T08:29:33","modified_gmt":"2018-07-06T13:29:33","slug":"world-bank-solution-for-lack-of-jobs-cut-worker-protections","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35759","title":{"rendered":"World Bank Solution for Lack of Jobs: Cut Worker Protections"},"content":{"rendered":"

World Bank Solution for Lack of Jobs: Cut Worker Protections<\/a><\/h3>\n
\n

The World Bank is in the process of completing its \u201cWorld Development Report 2019: The Changing Nature of Work<\/a>\u201d and, surprisingly, the latest draft version opens with quotes from Karl Marx and John Maynard Keynes. Has the World Bank suddenly lost sight of its purpose and will now take up the cause of working people?<\/p>\n

Well, you already know the answer to that question, didn\u2019t you?<\/p>\n

Only a few paragraphs down we begin to see where this paper is heading. After a bit of perfunctory hand-wringing over disruptions caused by robotics, we read the problem is \u201cdomestic bias towards state-owned or politically connected firms, the slow pace of technology adoption, or stifling regulation.\u201d And although some jobs are disappearing, fear not because \u201cthe rise in the manufacturing sector in China has more than compensated for this loss.\u201d<\/p>\n

Oh, so we should all move to China to get new jobs.<\/p>\n

Never mind that the highest minimum wage for Chinese workers, that mandated in Shanghai, is\u00a0$382 per month<\/a>. In some places the minimum wage is half that, if workers are fortunate enough to be paid regularly. And that millions of rural Chinese are being driven into cities to become sweatshop workers, so for now there won\u2019t be enough work for the rest of the world. Then again, letting bosses have the upper hand is what the World Bank has in mind. No, its economists haven\u2019t forgotten what the institution\u2019s purpose is nor why it exists.<\/p>\n

So what to do? The World Bank report does suggest not allowing corporations to dodge taxes to the degree that they do. Very well, but even if taxes were collected at the statutory rates, that would still leave corporations vastly under-taxed.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

World Bank Solution for Lack of Jobs: Cut Worker Protections The World Bank is in the process of completing its \u201cWorld Development Report 2019: The Changing Nature of Work\u201d and, surprisingly, the latest draft version opens with quotes from Karl Marx and John Maynard Keynes. Has the World Bank suddenly lost sight of its purpose […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5493,458,13289,824,20786,888],"class_list":["post-35759","post","type-post","status-publish","format-standard","hentry","category-economics","tag-counterpunch","tag-john-maynard-keynes","tag-pete-dolack","tag-unemployment","tag-worker-protections","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35759"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35759\/revisions"}],"predecessor-version":[{"id":35760,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35759\/revisions\/35760"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}