“Work your wage” and “don’t give into them!” have become halcyon calls of workers in this new economy. While “quiet quitting” has been the trend in American workplaces for a year now, the Chinese first led the way with the “lying flat” movement that protested the punishing Chinese work culture. Whether workers are lying flat or quiet quitting, the reality is that people have had it with low staffing, high expectations, and low wages.
People matter
When Jack Welch coined the term, “shareholder capitalism” his focus was on breaking the back of what he saw as a corporate culture that was too accommodating to workers and the needs of the organization and not enough on creating return for shareholders. When he became CEO of General Electric in 1981, he started his tenure with mass layoffs. GE was one of the biggest employers in the country. That began a trend of layoffs and offshoring that turned a company that was legendary for being a source of good and jobs and turned it into a shell of its mid-20th century self.
When I was in Pittsfield, MA, I got to see the old GE plant up close and personal. I have a buddy that lives just over the road from it, the old plant. It hangs on in the town like a specter. Its metallic hulk stands there like the ghost of economics past. It provided many good jobs for an area that…
