Quote:
Originally Posted by JPhillips
I heard a Marketplace story on Germany a few months back. The gist is that at least with large corporations the labor unions have guaranteed seats on the board of directors. The representatives of the workers have a tremendous sense of ownership and loyalty and are very willing to sacrifice when needed, but also take a far greater share of the profits than companies in the US would find acceptable.
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I would be careful of making the broad generalization regarding US companies. Companies based in the north I agree with, but many factories in the south have profit sharing with their employees or are employee owned. We used to joke that you could tell if you were in a steel mill up north or down south by going to the break room. If you were up north, there were always at least 15-20 guys in there. If you were down south, it was a ghost town.