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You have massively over estimated the power of Unions, and completely overlooked what I believe is the real reason for the shift. The institutional investor.
by phpisthebest 4y ago
You have massively over estimated the power of Unions, and completely overlooked what I believe is the real reason for the shift. The institutional investor.
401K's, Pension funds, and other funds of funds that since WWII have pushed the business cycle from being a 5 year + picture to being a Quarterly Earnings report
That more than anything has had the biggest impact on what the parent comment is talking about
- datavirtue 4y agoAgreed. You can still see the five year planning thing at GE. I thought it was cute. We couldn't predict our business environment next month let alone five years from now.
- pydry 4y agoA shift in power from labour to capital via weakened unions makes 10x more sense than this does.
- phpisthebest 4y agoNo, you only think that because you believe unions had any power to begin with. They could only ever move the needle by a few percentage points, never anything drastic Taking care of employee requires the need to be able to look at the long term viability of the company, and understand that experienced work force is far more valuable than not. However, when you are measuring your performance in 1 quarter goals no on give a shit about profitability in 5 years or how to service the customer in 5 years, that is the next CEO's problem
- xracy 4y agoWhat's your source for that first claim?