The question is ill-posed: it is much like, "Is it better to eat or to sleep?" As is these were mutually exclusive.
Nobody suggest to put these people on welfare; if you want to come up with an opinion, it would be nice if you understood what the issue is. The problem in an industry such as IT stems from the fact that wages outpaced productivity: an American worker that, say, is 10 time more productive than an Indian one must receive no more than 10 times the Indian's salary. If (s)he makes 11 times more, the wages will drop: sometimes through the renegotiation of wages at the present job, and sometimes through a change of jobs. Nobody says that the wage will drop to the level of the Indian worker: only a cut of about 9% is needed.
So, your statement is an emotional propaganda, as if the choice was between making $100,000 a year and being on welfare.
Sorry I wasn't indocrinated with a business degree
Oh, please, since when it has become noble to "justify" own shortcomings by pointing at the shortcomings of others? You clearly not only lack education in this area but don't even know what it is. Hardly anything you would hear in a business course would have anything to do with political philosophy of the instructor.
by a bunch of liberals; I have degrees in other areas. Probably why I can see so clearly.
You are not only justiftig your ignorance but also put down others without a shred of evidence. That's a violation of one of the Commandements, Ms. Conservative Executive.
If you would like a perfect compare/contrast example of the "old" business model, and the "new" business model research two older companies in Iowa: Maytag and Winnebago. It is hard to understand what you mean since you are misusing the term "business model." It also not clear what you mean by old and new --- old and new in terms of what?
Look who is running them; compare their backgrounds and company philosophies... What does that have to do with the issue? Should I also inquire about what cars the executives drive? Would that be relevant?
then take a look at the company performance and get back to me. And report to you what? Are you always so clear when you give tasks to your subordinate?
And what do you mean by performance? At your level, Ms. Executive, you should know that THE measure of performance does not exist. Oh, I forgot: you are not "indoctrinated" with basic knowledge.
I'll send links if you want Thank you, but I manage to find info when I research companies, and both are publicly traded.
(I'm sure you won't...LOL). YOu are correct: I am not eager to go look for something that you have not even specified. But I did have some detailed knowledge of the marketing strategies of Maytag in mid-1990s.
Simple. Winnebago is fabulously successful...sales AND profits have been increasing exponentially. They are run by the "old" business model (it's telling that you have no idea to what I'm referring); their CEO has a two-year degree, started on the production floor and has worked his way to the top spot. The old business model also included making a quality product, selling it at a reasonable price, and advising your investors that they could expect modestly good, steady profits.
Maytag (back when they were worth a crap) followed the same model. They strayed from the model drastically with their first MBA-made-delegate-while-I-run-my-fiefdom-and-collect-my-stock-options-CEO ("new" business model) and have continued with this same failed disastrous plan. They will be done within the next couple of years. I know people who work there; trust me...you can have an MBA and be a complete imbecile...in fact I've come to expect it. The new business model is: profits, profits, profits...at the expense of quality, repeat business, employee loyalty...on and on. Maytag has had two recalls of very high-end, expensive, appliances in the last six months...one of which has started four consumers' kitchens on fire! That, from the company that used to be known for the "lonely" repair guy.
As I said, I have degrees in other areas; but have been very successful in business; you seem to have a huge problem with that for some reason. The twentieth century juggernaut that was our economy, complete with a thriving middle class occurred because of the "old" business model; and is being destroyed by the "new."
You really should take the time to consider the fact that socialist business professors are the source of most of this.
We seem to have rather different perspectives. I think I am right about what's going on; but I really hope I'm not. Time will tell; I think that some companies are starting to see the light. We'll see....