Employers encouraged workers from joining unions by welfare capitalism.
To the Marxist 'welfare capitalism' is a pejorative term.
Osgood decided to try welfare capitalism, which was becoming a popular program to eliminate the need for unions and improve the company image.
Accordingly, there was no longer a need for the amenities of company towns which, prior to welfare capitalism, had previously been unattainable to the working class.
This new found freedom saw a change in the mindset of workers who began to look on welfare capitalism as demeaning rather than an incentive.
Alternatively, welfare capitalism refers to the practice of businesses providing welfare services to their employees.
Three worlds of welfare capitalism or more?
Having the world's highest gasoline prices is just one strategy to combat greenhouse gases in this redoubt of welfare capitalism and strict environmental laws.
Germany and France are trying to protect their welfare capitalism with defense.
Thompson Products, on the other hand, would seem an unlikely pioneer of welfare capitalism.