The employees of Mercury Marine in WI choose to vote to give back many items that were in their expired contract. The one I saw that illustrated the new reality of business is how the workers with have a wage freeze for 7 years. With the cost of living increasing between 2-4% per year, the average line worker will be continuously facing a lower standard of living. The article mentions that the union choose to give in to company demands instead of losing their jobs entirely to either a non union plant in OK or a foreign country. Welcome to the new state of the world economy were the entity with the lowest labor cost has the competitive advantage, no matter the perceived benefits of the long term employees.
WSJ.com link
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