To: heartwood; Graybeard58; Free Market Will Fix It
Problem: Shortage of cheap labor. What could possibly be the solution? Economics 101? Raise wages?
If you raise wages, then you're not showing ever-increasing profits, which means the shareholders boot you. Gotta make that quarterly. Gotta worry about the "bonus situation". It's corporate suicide to do otherwise.
Some try to maximize profit by not having adequate staff. Better profit, higher individual bonus.
Some? Try all...or at least, all who want to keep their jobs.
Perhaps if businesses didnt pay such abysmal wages that living off of welfare was an actual viable alternative...No, that just makes too much sense. The invisible hand of the free market will fix it. Right?
Yes, it will. Frankly, most Americans get paid too much. I believe that if you're not a tech or management, then you're worth about as much as a Bangladeshi in a sweatshop over there - and should be paid the equivalent.
To: Hildred Castaigne
I said
Some try to maximize profit by not having adequate staff. Better profit, higher individual bonus. You said Some? Try all...or at least, all who want to keep their jobs.
Of course they do, it's their job but when they cross the point of diminishing returns then enter into negative returns. Not enough cashiers nor enough stockers and they start losing customers, as testified to by many on this very thread.
Disclosure, My wife is a salaried employee of Wal-Mart, we have lots (for us) of stock and stock options, we very much want the company to be profitable, plus my wife's bonuses, are based in part on those profits, well, ultimately all of her income is based on profit because without it, she wouldn't have a job.
102 posted on
03/28/2013 12:14:20 PM PDT by
Graybeard58
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To: Hildred Castaigne
Worth about as much as a Bangladeshi in a sweat shop?
You know, keep spouting off rhetoric like that and continue to see the GOP fail harder than it already is with voters.
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