General Discussion

Willie Pep

(841 posts)

16. Europe is an odd case because of the way the eurozone is set up.

Tue Sep 5, 2017, 07:05 PM

Sep 2017

Austerity was forced on Southern European countries like Spain and Italy. Because they don't have currency sovereignty they couldn't use stimulus to come out of the recession like we did under Obama.

Japan isn't perfect but they don't have the kind of inequality that we have and their companies are doing well as far as I can tell. Besides, what good is economic growth if it is eaten up by the top ten percent or top one percent? What about the rest of the country that has not seen a raise since the 1970s?

American companies did "well" by outsourcing their production overseas and breaking organized labor at home.
So that worked out for CEOs and shareholders and maybe some upper managers but not so much for everyone else.

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The Problem with American Management Explained [View all] IronLionZion Sep 2017 OP

Knowledge of Rowing zipplewrath Sep 2017 #1

H-1b visas are going to get Trumped eventually IronLionZion Sep 2017 #3

Starting in the '70s American management took the "low road" when it came to running workplaces. Willie Pep Sep 2017 #2

American management has a much more hostile relationship with their workers IronLionZion Sep 2017 #4

Yeah that is true. Willie Pep Sep 2017 #5

Yet when Big 3 tried to bring some of those high road practices, workers revolted. politicat Sep 2017 #13

And American companies are surviving and thriving taught_me_patience Sep 2017 #15

Europe is an odd case because of the way the eurozone is set up. Willie Pep Sep 2017 #16

Complete and utter claptrap taught_me_patience Sep 2017 #6

Is that trickling down to the workers? IronLionZion Sep 2017 #7

Of course not. Efilroft Sul Sep 2017 #11

Exactly! There's your problem (Yeah, right, so far). maddiemom Sep 2017 #14

The automation meme is used to divert attention away from outsourcing. Willie Pep Sep 2017 #17

Companies outsource their cost centers to focus on their revenue generators IronLionZion Sep 2017 #19

Much easier explanation: Initech Sep 2017 #8

K&R smirkymonkey Sep 2017 #9

A Union could have prevented this. Mr.Bill Sep 2017 #10

We just don't have excess layers of white collar workers anymore bucolic_frolic Sep 2017 #12

The japanese have enormous layers of bureaucracy Steven Maurer Sep 2017 #18