A Boring Dystopia

Jack Welch, CEO of GE –

“Don’t own a cafeteria: Let a food company do it,” he advised. “Don’t run a print shop: Let a printing company do that... This is what outsourcing is all about,” he continued, blithely concluding that the jobs simply “migrated elsewhere,” as if the careers of thousands of Americans were birds seeking warmer climes.

Workers rarely fared so well at their new employers. Instead of having a job at GE, a stalwart of the Dow Jones Industrial Average and a reliably decent employer, the workers were funneled to contractors that typically offered inferior pay, little benefits and little job security."

(Source: The Man Who Broke Capitalism)