Joan builds on Ben's history of corporate change by noting that WWII
destroyed the industrial capacity of Japan, Germany, and I would add all
of western Europe and China. It simply took these countries this long to
rebuild capacity so as to compete effectively.
This is correct, but is complementary, not replacing Ben's theory. It is
also true that because of the baby boom, labor was cheap, employment in
millions of people increased by huge amounts, and capital investment
languished compared to other countries. In other words we employed
additional people at relatively low wages starting in the late 60's rather
than invest in higher cost assets.
--Rol Fessenden LL Bean, Inc. 76234.3636@compuserve.com
Learning-org -- An Internet Dialog on Learning Organizations For info: <rkarash@karash.com> -or- <http://world.std.com/~lo/>