Well, so much for something outside neocon economics.
The worker-coops are still there. Since their workers are also the owners, the higher nominal profits derived from inflation (if their products are sold locally) should go to their "wages", so they don´t have this problem.
For a foreign company with a local subsidiary, whose products are sold in foreign currency overseas there is a problem. I can´t believe that the guys upstairs did not thought about the local inflation rate in their plans, so one option is that simply expected to maintain wages at the same nominal level, or move the company somewhere else.
About myself, yep, I steal cheap cellphones from restaurants in Palermo SoHo ;-)
Now seriously, it is very difficult to share the goals of a company when the company is not very interested in other else than making you a monkey that pushes buttons. Even if you want to innovate, big companies are very bureaucratic and have a division of tasks for workers in each country, which sometimes does not contemplate innovation (even if they say so). A 24-year old Ivy-League graduate can suggest changes to work processes if he works in the New York branch, and those ideas will be taken into account; a PhD graduate in the factory floor in India can maybe suggest something, but it is not what is expected from him.
But as many people from Europe and the US, I am by choice currently outside the corporative system and I expect to live my life forever out of it.
The worker-coops are still there. Since their workers are also the owners, the higher nominal profits derived from inflation (if their products are sold locally) should go to their "wages", so they don´t have this problem.
For a foreign company with a local subsidiary, whose products are sold in foreign currency overseas there is a problem. I can´t believe that the guys upstairs did not thought about the local inflation rate in their plans, so one option is that simply expected to maintain wages at the same nominal level, or move the company somewhere else.
About myself, yep, I steal cheap cellphones from restaurants in Palermo SoHo ;-)
Now seriously, it is very difficult to share the goals of a company when the company is not very interested in other else than making you a monkey that pushes buttons. Even if you want to innovate, big companies are very bureaucratic and have a division of tasks for workers in each country, which sometimes does not contemplate innovation (even if they say so). A 24-year old Ivy-League graduate can suggest changes to work processes if he works in the New York branch, and those ideas will be taken into account; a PhD graduate in the factory floor in India can maybe suggest something, but it is not what is expected from him.
But as many people from Europe and the US, I am by choice currently outside the corporative system and I expect to live my life forever out of it.