2 ms·
I'm curious what changed recently to make this worse. I appreciated the article, an insider's ideas on what is going wrong (and somewhat nuanced), but what chan
by Karrot_Kream 5y ago
I'm curious what changed recently to make this worse. I appreciated the article, an insider's ideas on what is going wrong (and somewhat nuanced), but what change is causing this newer race-to-the-bottom? Labor shortages? Fuel costs?
- bobthepanda 5y agoTo be fair, there was probably a fair bit to cut or optimise in the very beginning of it all; but Jack Welch, the prototypical MBA CEO, started being CEO of GE in 1981. 41 years later, we are probably now cutting bone instead of fat.
- supergauntlet 5y agoPresumably the same forces that cause the rate of profit to decline everywhere. It's not anything new, it's just the latest step along the cut-costs-at-all-costs staircase.