US supply chains
lundi 14 février 2022 à 11:05After deregulation and mergers, the remaining US railroads became very profitable by cutting employment, skimping on workers' safety, gouging customers with fees, and maximizing efficiency with just-in-time operations. They spent more on stock buybacks than on operating the line.
Covid taught them that just-in-time streamlining is a dangerous mistake whenever something starts to go wrong.
It's the frequent mistake of US industry -- optimizing the usual case and assuming nothing will go wrong.
We don't need price regulation if we make more competition. And we won't need more regulation to improve the treatment of railroad workers if we help workers make strong unions.