3 ms·
The power they have over the "corporate" entity is a function of what they have to offer relative to everyone else. A few decades ago when US corps made everyth
by bravo22 5y ago
The power they have over the "corporate" entity is a function of what they have to offer relative to everyone else. A few decades ago when US corps made everything and the rest of the world bought them they could demand high paying union jobs and get them. The cost of this was subsidized by buyers from around the world and cheap input material and energy corps could get due to US's geopolitical position.
That ship has sailed.
Now they have to be more in line with the rest of the world.
What the "corporation" can offer and survive or stay ahead of the pack is a function of choices available to it. Which are different now than decades ago.
This myth that Americans can demand better things that the rest of the world can't needs to die. If they want to work less, great! They can. They need to become more efficient and produce more goods with less labor. Otherwise people in other countries will not want to trade with them. That is reflected to the American worker through the set of jobs and work conditions available to them.