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Globalization Bears Down on Industry

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Globalization Bears Down on Industry

Economy

Globalization Bears Down on Industry

Globalization Bears Down on Industry

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  • <iframe src="https://www.npr.org/player/embed/14687370/14687352" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The General Motors strike could set a precedent for how industrialized countries are going to cope with the cost of higher-paid workers. One of the greatest expenses is retiree benefits or "legacy costs."

Steve Tripoli of Marketplace talks with Madeleine Brand about the adjustments that GM and other industries will have to make to deal with the pressures of globalization.

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