Corporate greed and managerial power

Bob Herbert writes in a A Sin and a Shame in the NYT that corporate managerialism has stepped on its employees time and time and time again:

The recession officially started in December 2007. From the fourth quarter of 2007 to the fourth quarter of 2009, real aggregate output in the U.S., as measured by the gross domestic product, fell by about 2.5 percent. But employers cut their payrolls by 6 percent.

link: Op-Ed Columnist – A Sin and a Shame –