Speeches - (Archived) Table of Contents|
| Information Date:||05/16/1995|
| Presented To:||Stromberg Sheet Metal Works Employees|
| Speaker:||Reich, Robert B.|
When Paul Stromberg founded Stromberg Metal Works in 1940, he probably couldn't have imagined the changes the next 55 years would bring. His company now employs some 250 people -- and many of these men and women own almost half the company's stock. Last year, company revenues topped $21 million. And today, the President and Vice President of the United States are volunteering to work an afternoon shift.
But Mr. Stromberg would have been equally amazed at the larger changes in the economy -- changes that affect every decision his company makes. In an astonishingly short time, the world of standardized mass production and lifetime job security has disappeared. In its place has emerged a new economy -- an economy based ever more on the productive power of human capital.
Our best companies have responded to this fundamental change. They recognize that their success depends on treating workers not as costs to be cut, but as assets to be developed. And one of the most basic -- and most crucial -- ways to treat workers w