Posted on 09/25/2011 4:17:55 PM PDT by AfricanChristian
I know that is completely foreign idea to the "change nothing ever unless it means more gimmes from the government" mindset of the Progressive Fascist. Too bad for them that is how the real world, outside their living quarters in their parent's basement, works.
Lib media mad businesses not hiring to help Zero.
To be fair, very few people believe in raw unvarnished capitalism unfettered or unshaped by social, spiritual, and ethical mores. Capital is a wonderful servant but a horrible master. CEOs themselves confess that their position hems them in to the duty to grow the business for the sake of the stockholders, though the heavens may fall on account of the measures taken, and say that moral guidance has to come from somewhere else. In European tradition, CEOs’ pay is at least an order of magnitude less than at US companies, and they don’t go hopping all over the place even among the most successful enterprises.
I don’t know what the moral of the story is.
The moral of the story is that capitalism, in itself, is not moral.
The founders famously said that the Constitution would only protect a moral society - that it was powerless to protect a society that turned against morality.
The same is true for capitalism. A lot of conservative make the mistake of seeing capitalism as moral, because communism is fundamentally immoral. But it's apples and oranges. For example, fascism is capitalistic communism, etc.
A society that looks to capitalism alone for it's moral balance is doomed just as surely as a communist state. Capitalism, like guns, are merely tools. Who uses those tools, and why, makes all the difference.
With layoffs imminent, a Merck memo uses these 12 euphemisms for job cuts
Merck (MRK) president Mark Timney recently sent his U.S. employees a memo which contains at least 12 different euphemisms for the company’s planned job cuts and layoffs in October, but doesn’t actually mention the words “jobs” or “layoffs.”
“reducing our expense base.”
“manage our expense base”
“vacancy management”
“restructure”
“removing more open positions”
“necessary actions”
“we cannot promise the avoidance of such activities.”
“restructuring exercise”
“affected employees”
“the people who are directly affected.”
“the need for us to change our underlying operations”<.p>
If I am doing the math right then the company only made a 2.36% profit...at least it is a profit but not much of one for the billions invested.
I spent much of the last decade watching MBA's fire engineers who could neither describe their positions let alone evaluate their performance. They were driven only by the promise of a $50,000 bonus for every $1,000,000 dollars in salaries they cut. Want to guess how that company is doing today?
There would be fewer layoffs, and the laid-off would be able to find better replacement jobs quicker, if the socialists were not trashing the private economy.
Harry, Nancy and Obama pass socialist laws that make it unprofitable to hold- much less hire- employees.
...Then their minions attack the companies.
It’s a two-fer!
I know about this from my town. B&D went on a buying spree, merged companies doing the same work and reduced cost and employees. It ain’t pretty, but it was needed. One of the companies they closed here was immediately bought and is still in the business of making air compressors.
But they are hiring like mad in India, Brazil and China (for less the cost).
Let’s have a balanced argument. While there might be a good amount of “dead wood”. I don’t accept that all the people fired are “dead wood” - the numbers are too high.
I know about this from my town. B&D went on a buying spree, merged companies doing the same work and reduced cost and employees. It ain’t pretty, but it was needed. One of the companies they closed here was immediately bought and is still in the business of making air compressors.
Damn commie rhetoric. All they worry about is "give back."
I'm sure B&D managed their affairs wisely to minimize their tax liability and maximize shareholder value. The board, management, and the employees work for their owners, ie, the shareholders. They do not work for "the public" or "the government."
I get all I need from B&D by having them deliver excellent products at affordable prices when and where I need them and backed by good warranties. What more can you ask of a company?
I agree with you completely.
We forget that both the Slave Trade and Colonialism were driven by Capitalism. We also forget that many people who were genuinely disgusted by the excesses of Capitalism were drawn towards Socialism.
We also forget that there was a time when the Church acted as a moral guide, imposing limits on the excesses of Capitalists. Today, our infatuation with the “prosperity message” has blurred our vision.
The middle class in the developed World is under threat. There is immense pressure from shareholders for outsourcing and cost reduction. Supply chain managers are scouring the globe for the “next China” and the next set of cheap jobs.
When the history of America is written, will it be said that America’s greed destroyed its economy?
My bud who sells replica stuff on Ebay must be working as a Merck writer. Instead of the word ‘replica” (or knock-off), he uses “Italian-style” (as the product was an Italian known product).
The game is rigged. My IT dept is cut too so few staff that we are working 45 and 50 hour weeks and almost every weekend for FREE! No raises, we are not paid for the extra time we put in and no bonus for the extra time. Free money for the “shareholders”, who sit on their ass and collect the money. The people doing the work deserve a cut of the “profits” too!
The people doing the work get rewarded with a wage, that is mutually agreed to between them and their employer.....they are not entitled to anything else.
Why the should they pay you a penny more than an H1B slave?
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