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One of many biggest elements in the destruction of real wages was the remedy for the inflation of the 70’s. Paul Volker’s hyper interest rates that shuttered many manufacturers taking good paying skilled labor jobs with them. The weakened US employee was no match for the Voodoo economic mannequin of Reagan which was based on a supply facet theory that stated everyone benefits when the rich get richer. The rising tide floats all boats theory. Unfortunately the vast majority of people were never given or put into a ship.
Hachigo outlined the new strategic path a day after unveiling sweeping management modifications to inject recent blood into Honda’s prime government ranks and put his private stamp on the corporate. Tell that to the a million auto employees of Michigan, Ohio, Indiana, Wisconsin and provider and supplier workers all around the nation. Ford would have been affected adversely if GM had been allowed to go under due to elements provide points.
McLuhan revolutionized media research in the 1960’s by merely pointing to the significance of the media itself versus the content material they carry. This is finest illustrated by his seminal remark that The Medium is the Message”. … Read More ...Read More »