Bigger, Leaner And Bad For The Recovery?

Can the cure be worse than the disease? For years, economists, management gurus, and corporate chiefs have criticized U. S. companies for not being efficient enough to compete in world markets. Finally, that's changing: From banking to home appliances, industries are shedding jobs and eliminating excess capacity. And even when companies bulk up to compete globally, they're paring their work forces to hold down costs.

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