Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

GE: U.S. Labor Market Is Competitive

LOUISVILLE, Ky., Dec. 30 (UPI) — A high-ranking executive at General Electric said the U.S. labor market is now priced right for U.S. manufacturers to consider expansion without outsourcing.

“We have gotten to a point where making things in America is as viable as making things any place in the world,” said James  Campbell, president and chief executive of GE’s appliances and lighting division, The New York Times reported Friday.

Campbell highlighted lower wages as the principal reason the U.S. economy is fertile ground for corporations.

Hurdles, he said, “are significantly less with the competitive wage and that is a big help.”

In what would have provoked protests or perhaps strikes not many years ago, unions are now accepting split wages among their workers with new hires being paid up to $15 per hour less than established workers.

Unions have accepted what could be termed the inevitable. A job at a lower-than-optimal wage is better than no job at all, many say.

“You don’t want to rock the boat. You take a chance on losing everything you have if you do,” said Linda Thomas, 37, who works alongside co-workers doing similar work for about twice her hourly wage at GE’s Appliance Park in Louisville, Ky.

For many, the gains unions have made pushing the manufacturing sector into the middle class look to be eroding.

“My hope is that we will rebuild wages to their old levels over time as the economy strengthens and the demand for workers rises,” said Thomas Kochan, a management expert at the Massachusetts Institute of Technology.

“But that is by no means a certainty,” he said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “GE: U.S. Labor Market Is Competitive”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.