In this day of AI smart tools, it’s easy to forget that we humans once relied on “dumb” hand tools like saws, drills, screwdrivers, and wrenches.

For decades, a major maker of these trusty instruments has been a company in New Britain, Connecticut, appropriately named The Stanley Works.

Today, having taken over other big brands like Craftsman and Black & Decker, Stanley is a $15-billion-a-year conglomerate, and many former-workers are asking, “Stanley works for whom?” That’s because corporate top executives have quietly orchestrated a decades-long move of Stanley factories out of our country, abandoning the skilled machinists who literally made the brand successful.

The final blow comes this week, when Stanley will shut down the last of its redbrick factories in New Britain. An odd move, since workers there produced one of Stanley’s most iconic products: The “PowerLock” tape measure. It is enormously popular – indeed, I have two of them. Yet, corporate bosses claim that cheaper, foreign-made tape measures now dominate the market, so – Poof! – goodbye 300 American jobs.

But wait, Stanley didn’t eliminate the jobs, it just moved them. To Thailand, where labor is paid 75% less than in Connecticut. Indeed, the major foreign competitor to Stanley turns out to be… Stanley! It has been building modernized production factories in Thailand, even as it divested in US factories and increased shipments of its foreign-made tape measures to the US.

Stanley’s CEO was paid $7.6 million last year. Nice, but now, the paychecks of 300 more workers can be reallocated to global shareholders… and give another hike in the chief’s pay. And that’s how the Inequality Merry-Go-Round keeps spinning… round and round and round.

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