Posted by docmirror on January 23, 2017 at 15:55:26 from (107.213.165.255):
In Reply to: Oddballs and orphans posted by centash on January 23, 2017 at 14:17:13:
The workers at Cat have been organized labor for decades. The company had been profitable through 2011 when Cat faced a serious strike. Wages at the time were competitive, and labor wanted a larger piece of the profit pie. I'm guessing things weren't one sided, but I do know that the US workers were told that if they stuck to their guns on wages and new health costs, that Cat would send work offshore.
This is the same refrain faced by US steelworkers in the 70s when they shut down Bethlehem, and US Steel in the same year. Now, more steel comes out of S Korea than PA, and 5 times more steel comes out of China than PA. I wonder, if the workers in PA knew at the time, would they have stayed the course? Labor participation after the steel mills were shut down was the lowest in state history. I don't want to place all the blame on labor, but it can't all be the fault of ownership/execs.
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