Compensation and Benefits

Robert B. Reich: Trump takes on General Motors (and guess who wins?)

Robert B. Reich: Trump takes on General Motors (and guess who wins?)

Donald Trump's "America first" economic nationalism is finally crashing into the reality of America's shareholder-first global capitalism.

Last week, General Motors announced it would cut about 14,000 jobs, most of them in the politically vital swing states of Michigan and Ohio.

This doesn't quite square with the giant $1.5 trillion tax cut Mr. Trump and the Republicans in Congress enacted last December, whose official rationale was to help big corporations make more investments in America and thereby create more jobs. Mr. Trump told Ohio residents "don't sell your homes," because lost auto-making jobs "are all coming back."

GM got a nice...

43°