In verizon strike, blue-collar stress hits the sidewalks – the new york times

The roughly 36,000 Verizon workers who went on strike Wednesday as a contract dispute entered its ninth month have brought into sharp relief one of the most fundamental questions facing the United States: Can an economy in the throes of dizzying technological change be a source of new middle-class jobs for blue-collar workers?

The company, which is seeking rule changes that would make it easier to outsource work, seems to cast some doubt on that proposition, through its actions if not its words. Low startup high profit business It argues that technological change and shifts in consumer demand have rendered self-defeating many of the promises made to workers a generation or two ago.

“Our objective in these negotiations is to preserve good jobs with competitive wages and excellent benefits while addressing the needs of our ever-changing business,” Lowell C. High profit products McAdam, Verizon’s chief executive, wrote in an essay posted on LinkedIn. Low investment high profit business in kolkata But “nostalgia for the rotary phone era won’t save American jobs, any more than ignoring the global forces reshaping the auto industry saved the Detroit automakers.


High profit margin products to sell We’re determined not to find ourselves in that same boat.”

The two unions involved, whose members at Verizon currently earn an average of $130,000 a year in wages and benefits, insist this level of compensation can be not just sustained but shared with more workers, if only it were a higher priority. High profit selling pdf The company, they point out, is highly profitable and sells services that consumers are clamoring for. Items with highest profit margin on ebay Continue reading the main story

Both sides have a point. Low startup cost high profit business Over 99 percent of the striking employees work on the so-called wireline side of its business — that is, the traditional phone landlines and the fiber optic network, called Fios, which offers subscribers Internet, voice and video service. Business ideas with high profit margins It is a business where growth is slow or declining, as more and more consumers give up landlines and traditional subscription television. Highest profit business in india Profits are low.

By contrast, the wireless business, which is largely not unionized and where wages and benefits for rank-and-file workers are lower on average, is booming and highly profitable. Low investment high profit business philippines Over the last few years, Verizon’s wireless business has consistently grown at least 7 percent a year, whereas its wireline business has shrunk slightly — in the last year, about 2 percent. High profit business to start Photo

At the same time, Verizon’s wireless margins are the highest in the industry. High profit shares in india More than 40 cents of every dollar of revenue on the wireless side becomes cash flow.

Verizon’s strategic decisions reflect these diverging fortunes. Low cost high profit business ideas In the last few years it has reduced investments in its wireline operations, even selling operations in California, Florida and Texas last year for $10.54 billion to Frontier Communications.

“At this point it’s treating wireline as a sort of cash cow rather than something to be invested in heavily, whereas wireless is where the future growth is,” said Jan Dawson, an independent technology analyst for Jackdaw Research.

Verizon has placed a big bet on the future of the wireless business. High profit business ideas in india In 2013, Verizon Communications paid $130 billion to take full control of Verizon Wireless, in which it had previously shared ownership with Vodafone of Britain.

Yet these broad trends obscure some of the ways that Verizon could sustain and expand good-paying work even on the wireline side. High profit margin business Foremost is Fios, widely regarded as state of the art when it comes to broadband networks, and which the union and the company agree can serve as a foundation for sustaining desirable jobs.

But Verizon remains ambivalent about Fios. High profit small business In 2004 the company pledged to lay fiber that could serve as many as 18 million homes. High profit crops It fulfilled that plan according to its own measure, but has shown little desire in moving much beyond it, leaving several million households with little hope of getting access to the network. Business with high profit philippines Until Verizon announced on Tuesday that it would be making Fios available throughout Boston, it had been several years since the company had committed itself to a major expansion.

Ian Olgeirson, an analyst at the media research firm SNL Kagan, said one reason for this reluctance to expand is that the rising price of television programming has put pressure on margins for video, which makes the economics of the entire fiber optics investment less attractive.

Still, there continues to be great demand for the broadband service, where margins are quite high. Small investment high profit business india And while companies that invest in fiber optics like to see good returns on multiple services rather than just one to justify the expense, Mr. List of business with low investment and high profit Olgeirson notes that some of Verizon’s competitors have not been deterred by this issue.

“You do see evidence of a little more enthusiasm for the wireline business at AT&T,” Mr. High profit margin business ideas Olgeirson said. Small items with high profit margin Video Thousands of Verizon Employees Strike

Given the potential social benefits of a broadband expansion — in terms of both jobs for those working on the network and opportunity for those using it — many experts see a rationale for a government role in at least nudging the process forward, even if the economics are too challenging for private carriers to undertake on their own. High profit cash crops But this has not been forthcoming either.

“The F.C.C. Small scale business with low investment and high profit doesn’t have an effective policy to build out broadband in the U.S.,” said Jeffrey Keefe, a professor emeritus at the Rutgers School of Management and Labor Relations, who has studied the telecom industry for decades. High risk high profit “Fios is a state-of-the-art broadband network. Business ideas with low investment and high profit in india The F.C.C. High profit business in pakistan has not provided the appropriate incentives.”

The two unions — the second is the International Brotherhood of Electrical Workers — have made no secret of their intention to also open a political front in the dispute. Best business with high profit After the New York City government audited Verizon’s performance in building out its fiber optic network there, union leaders asked the City Council to hold hearings.

The unions also procured a letter from 14 mayors about the fiber optic issue and one from 20 United States senators urging Verizon to act as a “responsible corporate citizen” and negotiate fairly with its workers.

“The purposes of the strike are to build public support for the workers and to put pressure on the politicians and the regulators to put pressure on Verizon to settle this thing,” Professor Keefe said.

Even as the unions seek to build support from outside, they argue internally that there are several categories of jobs that could sustain middle-class lifestyles if the company were willing to think about them differently. Low investment high profit business One of the major points of contention between Verizon and its unions are call centers. High profit items The company currently outsources some of its customer service and sales calls to centers in lower-cost regions of the United States, and it is proposing rule changes that would allow it to do more of this.

But the cost savings that outsourced call centers appear to offer often prove illusory. Products with high profit margins Rosemary Batt, a professor at the ILR School of Cornell University who has extensively studied the moving of service work to call centers, says turnover is lower and performance and customer satisfaction are substantially higher when the work is done in-house.

“There are real opportunities to increase revenue by bundling and packaging different products,” she said, giving an example. High profit low cost business ideas “But you need a more sophisticated work force that’s trained and committed to the company to do that well. Low cost high profit items Outsourcing is penny-wise but pound-foolish.”

To be sure, the company is hardly oblivious to the good-jobs question. Low cost high profit business in india It is not seeking wage concessions, and officials there express genuine enthusiasm at the economic benefits that Fios confers on its workers. What products have high profit margins Tami Erwin, president of Verizon’s consumer and mass business unit, emphasized in an interview that the Boston expansion would mean a lot of “great high-paying work.”

But despite that expansion, the company’s overall posture does not appear to be intended to pursue a business model that maximizes the number of middle-class incomes it produces. Small business with low investment and high profit in india Asked about the possible benefits of keeping call center workers in-house, Ms. Small business with high profit margin Erwin said: “It’s my responsibility to make sure we’ve created an environment where people have the right tools, the right resources. Companies with high profit margins If we do that, it doesn’t matter whether they’re a contractor or an employee.”

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