[1raider1]

He can say anything he wants. The fact remains that companies use layoffs to increase profitability. RE: When the stock market was real it would go up when unemployment rose because the assumption was that companies would become more profitable and more stable. Again I say: If this prof. is so confident of his ideas let him put his money where his mouth is. That’s the American way.

[Cringing Negativism Network]

Perhaps a bit off-topic.

Could I trouble you to ask, whether you’ve ever posted on this board under any other handle?

Thanks.

[SeekAndFind]

The fact remains that companies use layoffs to increase profitability.

I don't think the author is disputing the fact that companies use it. He is QUESTIONING whether the intended effect is all it is cracked up to be.

And again, I question the premise that one has to be a CEO to make a valid observation. I don't need to be an NBA player or coach to judge in hindsight for instance, that some player trade turned out to be bad for the team.

A judgment call like this can be helpful by HINDSIGHT.

[BnBlFlag]

“He can say anything he wants. The fact remains that companies use layoffs to increase profitability. RE: When the stock market was real it would go up when unemployment rose because the assumption was that companies would become more profitable.....”

Err, actually the usual reason the market would go up was higher unemployment would mean that lower interest rates were ahead. Today, they have no way to go but up!