What's new about the global economy is First World productivity combined with Third World wages. That can create some real downward pressure on high-wage countries.
More Quotes from Harley Shaiken:
The court cases reflect that the rat has made its claw marks felt.Harley Shaiken
I suspect they felt that taking a very hard line would send a message to the union. Instead the message that they sent was to dig in your heels.
Harley Shaiken
Delphi has essentially said 'We need competitive wages.' Those wages currently are being set in China, not Flint, (Michigan).
Harley Shaiken
Others aren't so sanguine. How do U.S. firms compete in the global economy ... If the only way to compete is with 10 wages, we have a problem that is much larger than just Delphi. We're looking at a society where people exit rather than enter the middle class.
Harley Shaiken
He's taken a windy day and turned it into a hurricane. Labor is influential in Sacramento. On certain bills and issues, they are very influential. But they are one of many groups that can dominate.
Harley Shaiken
You've got the pressures of the global economy, fierce competition in deregulated industries like airlines and powerful anti-union employers like Wal-Mart.
Harley Shaiken
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