Economy and Business

America’s Expendable Workers

Back in business school, they taught us that a company’s major costs were land, labor, and capital. There were strategies to minimize each, with labor the most complicated cost to control. That hasn’t changed, even though workers have increasingly become replaceable parts, the federal government has weakened labor rights, and much U.S. manufacturing takes place in other countries.

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Not Much to Celebrate with Obama’s Tax Deal

We enter 2011 with a few more dollars in our paychecks. For about 98 percent of Americans, the extension of Bush tax cuts and the new payroll tax holiday will make it easier for us to afford a gallon, rather than a quart, of milk for our families each month, and to fill our tanks almost as high as we did with lower gas prices last year.

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Toxic CEO Pay Story

As a critic of runaway CEO pay, I have a lot of scars from debates I’ve done on cable TV business shows. But my most memorable pummeling was in August 2007, when I nearly got my head bitten off for criticizing Countrywide Financial CEO Angelo Mozilo on the CNBC show Squawk Box.

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