LABR 1F90 Lecture Notes - Lecture 4: Speedup, Brian Mulroney, Profit Motive
29 Dec 2016
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From keynesians to neoliberalism: union breakthroughs and challenges. Union density more than doubled between 1939 and 1944. Workers became more militant during the war and went on strike at an unprecedented rate. The level of labour militancy convinced employers and the state to make concessions to unions in exchange for a new class compromise to promote labour relations peace. This became known as the post-war compromise and it ushered in a period know as the keynesian (cid:498)golden age(cid:499) In this period, we see the rise of the welfare state and mass expansion of unionization to new segments of the working class. From the end of the great depression to the mid 1970s, the theories of british economist john maynard keynes provided the main inspiration for economic policy makers in canada and other capitalist democracies. Dramatic ups and downs of the business cycle could be tamed through counter- cyclical measures initiated by government.
