The 1970s paradigm shift - Wages VS Shareholder value

InTheWoods

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Oct 12, 2014
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A very interesting take on a perception shift that took place in the 70s that caused a perverse behavioral shift in the economy.

An excerpt from the article:

Executives find it difficult to accept that the management practices which worked so well in the 20th Century and on which people have based entire careers have become steadily less viable. It is natural to hope that more strenuous pursuit of those practices will eventually be successful. In effect organizations continue to pursue short-term profits and executive bonuses while tolerating a dispirited workforce, declining margins and real economic decline.

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