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Download Ebook , by Rick Wartzman

Download Ebook , by Rick Wartzman

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, by Rick Wartzman

, by Rick Wartzman


, by Rick Wartzman


Download Ebook , by Rick Wartzman

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, by Rick Wartzman

Product details

File Size: 15519 KB

Print Length: 432 pages

Publisher: PublicAffairs; 1 edition (May 30, 2017)

Publication Date: May 30, 2017

Sold by: Hachette Book Group

Language: English

ASIN: B01K3WN0SI

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Amazon Best Sellers Rank:

#527,436 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

This is the best history I've read of what the subtitle calls "The Rise and Fall of Good Jobs in America" from the 1930s until today. The "Rise" included corporate management's willingness to pay living wages and excellent benefits to placate trade unions and secure the long-term loyalty of employees. The "Fall" meant corporate management's all-out war on union labor and a shift in financial philosophy that declared company shareholders and the payment of regular dividends as the primary responsibilities of management. While he is critical of management (particularly of CEO bloated salaries and benefits), Wartzman also criticizes union leadership for, among others, failing to focus on recruitment and expansion of its membership during the "good" years of the late Sixties and early Seventies. Given that this is an excellent historical study, perhaps it's asking too much of the author to suggest good solutions for some of the problems he describes. Nevertheless, it's a bit of a shock when the book ends abruptly with a two and a half page summary of how a new social contact might come about. Wartzman recommends the usual agenda: a higher federal minimum wage, an effort by Washington to make it easier for workers to unionize, the strict enforcement of labor standards, etc. I leave it to other readers to decide how likely these suggestions will be realized under President Trump and his associates.

This book is TOTALLY accurate.And I know because I worked for GE and other big US Corporationsfrom 1968 to 2010 and saw it all happen.If anything I would say the level of betrayal was even GREATER thanportrayed in the book. US corporations planned, organized andfacilitated the move of American manufacturing jobs overseas.From the design and development of container ships to ship goodsaround the world to the Internet to control and coordinate productionoverseas. The reason there are so many empty factories in the US,is that companies packed up the machines and sent them to newfactories they had built overseas. In so doing they were shippingthe technical and engineering knowledge overseas too.So where America had the best engineering and manufacturingtechnology in the World in many fields, now we don't do that anymore and are falling behind. I am sure industrial espionage hasplayed some part in this, but in many cases the technologytransfer was planned and executed by US Corporations.The US Corporations are now working on moving theengineering, marketing and help desk work overseas.How can this possibly benefit our country!

This book should be required reading for every MBA student and instructor. It is an outstanding historical overview of how "big business" has shifted its mindset from making employees their top priority (in the '30s and '40s) to making shareholder profits and C-suite bonuses the goals of a business. The book does an excellent job of making the case for corporate social responsibility and along with Marketing 3.0 by Kotler, Katarjaya, and Setiawan, helps to forecast a future in which companies are not going to succeed at generating profits for their shareholders unless they start practicing the values held by their customers. Those values--especially among Millennials and Gen Z-ers--include treating people with respect and as people, not as bothersome impediments to bottom line success. As Peter Drucker would often say, "Take care of your customers and your customers will take care of you." And that has to include taking care of your human resources in a humane way.

A commendably exhaustive (but not in the least exhausting, as some scholarly efforts can be) chronology of the economic, social, and cultural trends that have shaped and changed the nature of employment in the United States over the last 100 years or so. By painting vivid (but not unduly detailed) portraits of key corporate leaders, as well as sharing numerous anecdotes from a variety of employees who worked at legendary icons of American industry, the entire book radiates an engaging humanity as it chronicles the passage of history in sophisticated but very accessible prose. An added bonus is that the author's political interpretation of these economic trends is extremely even-handed and balanced. There are no heroes, and no villains. Very highly recommended!

This book is a "must read" for multiple audiences: HR professionals, general and executive management, and anyone else who is interested in the story of the eroding relationship between employers and employees over multiple decades. The talented author makes complicated subjects easy to understand, and uses engaging stories of four companies (GM, GE, Kodak, and Coca-Cola) to show how US industry moved from a reasonably balanced consideration of the interests of customers, employees, communities in which the companies operate, and shareholders to one in which the sole consideration is the interest of shareholders, essentially at the expense of the other three groups. The author also provides an amazing narrative of the union movement in the US from its peak after WWII to its current anemic position. A nice bonus was the colorful description of the unique personalities of several CEO's of the companies he profiles. This is clearly an exceptional book.

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