The Bank of Spain has called for the elimination of the minimum wage, more flexibility in the labour market and other attacks on the working class.
Its annual report states, “The seriousness of the labour market advises maintaining and intensifying reform momentum through the adoption of additional measures to promote job creation in the short term and facilitate wage flexibility.”
It continues, “It would be worth exploring the possibility of establishing new formulas that would allow, in special cases, temporary departures from the conditions laid down in collective bargaining agreements, or exceptional mechanisms to prevent the minimum wage from acting as a constraint on specific groups of workers with most difficulties in terms of employability.”
These idiots don't understand or care that if you cut wages, nobody will buy anything, and that will cut into profits.
It's not "sustainable," to use a hackneyed phrase that I hate.
What does it mean to have a "good job" anyway?
For a long time now, we have heard talk about creating “good” jobs, with manufacturing being at the top of the good jobs list. It almost implies that service- sector jobs — the primary replacement for disappearing manufacturing jobs in a post-industrial economy — are really bad jobs. Well, if the definition of a good job is one that pays a solid middle-class wage that allows one to live in dignity, this is probably true. - See more at: http://www.employmentpolicy.org/topic/blog/meaning-good-job?utm_content=bufferf4a8c&utm_source=buffer&utm_medium=twitter&utm_campaign=Buffer#sthash.1ODmGSIk.dpuf