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137

Labor’s Slide Picks Up Speed

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Greenhouse, S. (2019). Labor’s Slide Picks Up Speed. In Greenhouse, S. Beaten Down, Worked Up: The Past, Present, and Future of American Labor. Knopf Publishing Group, pp. 137-152

146

There are thousands of examples of American companies moving operations abroad—to make televisions in China, refrigerators in Mexico, or shirts and slacks in Bangladesh. Many corporations told unions to swallow concessions or else they would move production overseas. Here’s one example: In 1988, General Electric said it would close an aging factory in Fort Wayne, Indiana, that made electrical motors and relocate abroad unless the union agreed to a 12 percent pay cut. “There’s a bunch of guys in Thailand, Korea, and Brazil who get up every morning and try to figure out how to eat your lunch and take your market share,” said David C. Genever-Watling, the head of GE’s motor division. The Fort Wayne workers voted by more than two to one to accept an 11 percent pay cut to save their jobs. [...]

only sociopaths ever think about market share, i swear to god

—p.146 by Steven Greenhouse 4 years, 2 months ago

There are thousands of examples of American companies moving operations abroad—to make televisions in China, refrigerators in Mexico, or shirts and slacks in Bangladesh. Many corporations told unions to swallow concessions or else they would move production overseas. Here’s one example: In 1988, General Electric said it would close an aging factory in Fort Wayne, Indiana, that made electrical motors and relocate abroad unless the union agreed to a 12 percent pay cut. “There’s a bunch of guys in Thailand, Korea, and Brazil who get up every morning and try to figure out how to eat your lunch and take your market share,” said David C. Genever-Watling, the head of GE’s motor division. The Fort Wayne workers voted by more than two to one to accept an 11 percent pay cut to save their jobs. [...]

only sociopaths ever think about market share, i swear to god

—p.146 by Steven Greenhouse 4 years, 2 months ago