I am not sure there is any constant rule. In the case of Nippon Steel taking over U.S. Steel, I think investment in the U.S. market may be increased and that U.S. Steel might be strengthened and might increase the size of its work force.
What would you say to the argument that market consolidation and reduced competition often leads to poor worker outcomes in the long term? Not to mention the recent history of acquisitions leading to mass layoffs in the short term
It’s an interesting period of history. And, it’s likely to continue for a long while. Shared democratic values & objectives as well as strategic review should continue at every possible level. The world is changing & Americans need to continue to stay engaged in that world.
I am not sure there is any constant rule. In the case of Nippon Steel taking over U.S. Steel, I think investment in the U.S. market may be increased and that U.S. Steel might be strengthened and might increase the size of its work force.
What would you say to the argument that market consolidation and reduced competition often leads to poor worker outcomes in the long term? Not to mention the recent history of acquisitions leading to mass layoffs in the short term
It’s an interesting period of history. And, it’s likely to continue for a long while. Shared democratic values & objectives as well as strategic review should continue at every possible level. The world is changing & Americans need to continue to stay engaged in that world.