Carol Loomis Quotes
Wage concessions are difficult to quantify, since their magnitude depends on many operating variables.
Citations
Loomis, Carol J. "The Tragedy of General Motors." Fortune, Time Inc., 20 Feb. 2006.
Related Quotes
At the time this was generally true for most businesses. However, in a modern economy, there are other ways. Increasing volume, automation, innovating products and services to get premium prices naw are standard techniques.
At the time, industrialists could not even conceive of the notion of negotiating over wages must less collective bargaining.
This opinion was written very early in his career when he was an Ohio Judge in Cincinnati.
Carol Junge Loomis is an American financial journalist, who retired in 2014 as senior editor-at-large at Fortune magazine.