DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S?
Corporate downsizing has run rampant on the American scene during the 1990s. Indeed, Business Week claimed it had become a fad. Ironically, the new “lean and mean” look did not apply to CEO compensation packages. More critically, corporate downsizing hurt middle class purchasing power. The Big Lie t...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Economic & Business History Society
1999-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/294 |
| _version_ | 1818276473652379648 |
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| author | Thomas Winpenny |
| author_facet | Thomas Winpenny |
| author_sort | Thomas Winpenny |
| collection | DOAJ |
| description | Corporate downsizing has run rampant on the American scene during the 1990s. Indeed, Business Week claimed it had become a fad. Ironically, the new “lean and mean” look did not apply to CEO compensation packages. More critically, corporate downsizing hurt middle class purchasing power. The Big Lie that emerged from this was that America could dismantle the middle class and have a booming economy. Much of this reasoning sounds, sadly enough, like the thinking so prevalent in the 1920s. |
| first_indexed | 2024-12-12T22:46:13Z |
| format | Article |
| id | doaj.art-207ee1dffbc24a30b4970ae384473aa4 |
| institution | Directory Open Access Journal |
| issn | 0896-226X |
| language | English |
| last_indexed | 2024-12-12T22:46:13Z |
| publishDate | 1999-06-01 |
| publisher | Economic & Business History Society |
| record_format | Article |
| series | Essays in Economic and Business History |
| spelling | doaj.art-207ee1dffbc24a30b4970ae384473aa42022-12-22T00:09:11ZengEconomic & Business History SocietyEssays in Economic and Business History0896-226X1999-06-01171245252294DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S?Thomas WinpennyCorporate downsizing has run rampant on the American scene during the 1990s. Indeed, Business Week claimed it had become a fad. Ironically, the new “lean and mean” look did not apply to CEO compensation packages. More critically, corporate downsizing hurt middle class purchasing power. The Big Lie that emerged from this was that America could dismantle the middle class and have a booming economy. Much of this reasoning sounds, sadly enough, like the thinking so prevalent in the 1920s.https://www.ebhsoc.org/journal/index.php/ebhs/article/view/294 |
| spellingShingle | Thomas Winpenny DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S? Essays in Economic and Business History |
| title | DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S? |
| title_full | DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S? |
| title_fullStr | DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S? |
| title_full_unstemmed | DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S? |
| title_short | DOWNSIZING TO CORPORATE ANOREXIA WHILE DISMANTLING THE MIDDLE CLASS: ARE WE IN DANGER OF RECREATING THE 1920S? |
| title_sort | downsizing to corporate anorexia while dismantling the middle class are we in danger of recreating the 1920s |
| url | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/294 |
| work_keys_str_mv | AT thomaswinpenny downsizingtocorporateanorexiawhiledismantlingthemiddleclassareweindangerofrecreatingthe1920s |