Re:The rich world needs higher real wage growth
by Aeolos on Sunday July 01, 2018 @02:33PM
(#17436850)
> Or is it one of those phrases that can be used to mean absolutely anything at all?
The meaning depends a bit on the political orientation of whoever is uttering the phrase. In the neoliberal nomenclature presently used throughout Europe, "structural changes" are an euphemism for cuts to public spending (healthcare, social security, pensions, services), reduction of worker rights and wage depression.
For example, France is currently undergoing "structural changes". Ireland, Spain, Greece underwent "structural changes" as a response to the global economic crisis of 2008.
The meaning depends a bit on the political orientation of whoever is uttering the phrase. In the neoliberal nomenclature presently used throughout Europe, "structural changes" are an euphemism for cuts to public spending (healthcare, social security, pensions, services), reduction of worker rights and wage depression.
For example, France is currently undergoing "structural changes". Ireland, Spain, Greece underwent "structural changes" as a response to the global economic crisis of 2008.