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
I recall that one of Clyde's recent postings detailed the Japanese (and other's) model of labor and management sharing power in order to work together for the common good of the organization, and taking a longer term outlook. If so, Hooray!
That was my first thought, but my second thought was that many other countries have factories in the US and they adhere to US labor law and standards in those factories, not those of their own countries.
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
I recall that one of Clyde's recent postings detailed the Japanese (and other's) model of labor and management sharing power in order to work together for the common good of the organization, and taking a longer term outlook. If so, Hooray!
That was my first thought, but my second thought was that many other countries have factories in the US and they adhere to US labor law and standards in those factories, not those of their own countries.
Yes, I see your point. Regrettable if it prevents improved labor practices and corporate resilience.
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.