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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (93786)	8/21/2012 4:00:13 PM
From: elmatador	Read Replies (2) \| Respond to of 217789

Consider: The lowest-paid workers at Caterpillar, one of the first companies to enforce a two-tier wage system, are already paid as little as $13 an hour. The company wants this to be the standard—and then the basis for even lower wages. Caterpillar is a global corporation—with operations in China, India, Brazil, Europe, Australia and North America—and it is pursuing an international strategy. Last year, after workers at a London, Ontario plant rejected its demands for a 50 percent wage cut (from $28 to $14 an hour), the company simply shut down the factory and moved production to Indiana—where workers are paid $12.50 an hour. This shows the worldwide rebalancing. Poorer worker getting more pay. Richer workers get lower pay.