Job Cuts For Most, Bailouts For Poor Business Practices For Others
When a senior executive at your company puts forth policies that nearly bankrupt your business, what do you do? You keep him of course!
While tens of thousands of workers are getting the axe at firms the gov’t has bailed out, 9 out of 10 executives are keeping their jobs (probably with large bonuses as well). 9-10 execs keep jobs
Was it Joe Schmoe’s fault, with his $60k salary, that the financial backbone of America has collapsed, or was it the guy at the top?
The economy is only going to get worse. The largest employers are firing workers because their profits have crumbled. The millionaire stock holders cannot afford to make less money than they did last year.
Here’s a quick math lesson for corporate America;
Profit = Sales
Sales = Consumer Confidence
Consumer Confidence = Stable Jobs
Stable Jobs = Disposable Income
Disposable Income = Sales
From the above, we can see that the answer to Americas problems is to build consumer confidence is to not fire workers. People that have jobs are people with disposable income.
That’s f*cked up. I think it is going to change. It will just take time.