The retrenched workers will find work in other areas of the economy where they will actually be paid to do productive work.
Keeping the unproductive people employed is just a lose-lose proposition. The company suffers and produces less goods/services and the potential productivity of the worker is wasted. You say this is greedy and you might be right, but society is much better off for this. The alternative is that everyone suffers; prices go up for everyone.
If the recovery is "uneven", it's because the government is intervening in the allocation of capital, such as enforcing the very policy suggested (interfering with the terms of employment). Jobs can't go where they're needed and the economy doesn't seem to recover... huh!
So, let's make up a mock experiment using some made-up Best Buy corporate store. We'll say they have 20 cashiers and 20 salesmen. The company recognizes that each salesperson is technically bringing in net income for the company. However, their workload is relatively low. Many of them have more down-time than time able to work due to a lack of customers (and overstaffing). Most of the cashiers are worked beyond what they're able. Lines at this Best Buy store are thought by management to be too long, resulting in customers avoiding the store. Best Buy has two obvious options to help alleviate or solve the problem: fire some salesmen and assume customers will purchase fewer items, relieving cashiers OR retrain some salesmen to work as cashiers (keeping in mind these jobs have a lot of crossover skills). so cashiers are "working beyond what they are able", but the company is "overstaffed"? This makes no sense... Firing the salesmen, I'd argue, is simply giving up on the employees, and it's probably bad for the economy as a whole. By not retraining the salesmen to do something similar, you're letting them out into the wild where they now must explain termination on a resume. Should they readily find a new job (which I can assure is very difficult in a rural area), it's very possibly these people who've spent years or decades working their job will now go into a different type of job with an entirely different skill-set required. I'd argue when a company like AmEx lets go of a mass of workers like that, it's management basically just throwing their hands up and declaring "we don't know what we're doing. We don't know what to do with these people. We can't think of any way to use 'our most valuable asset' in a profitable way, and all this time, the arguments in upper-management have always been 'do we fire them, or keep them doing what they're doing?'" I can imagine a lot of scenarios where it isn't the workers' fault, but really the lazy management's inability to repurpose relatively valuable people (given they have a history with these people, they have lots of useful data).
The point is, the company will make the most economically rational decision they can. If that means they must fire workers, then that's what they should do. If they're making bad business decisions, then they deserve to go bust and let some more productive entrepreneurs buy up their capital. Otherwise they're just wasting resources. Are you going to pay someone to mow your lawn, even if it was just mowed, because they need the work? Yeah, the lawn mowing guy gets the cash he needs, but he's productivity is wasted by your subsidy and you lose that cash. Meanwhile, he should be facing reality and finding better work and you could be paying some other guy to paint your fence, which you actually need to have done. You would just be enabling a poor career path and denying the valid career of the painter. This is a poor allocation of resources and the company scenario is fundamentally no different. The lawn mower will have to learn new skills and that's exactly what he should do. He needs to learn how to produce something that people actually want. That's how the market works.
Idunno. Lack studies to say anything authoritative, so I'm just shooting out speculation, too. It seems a little scummy to me to fire a large number of workers, though, without firing executive management. Maybe contractually give execs a special one-off monetary bonus to make the decision, but insist they can't be rehired, so they have to really think if there's absolutely no way to use these proven, skilled workers in some relevant way. Firing people just seems like a half-ass, lazy, "easy" solution. I'm really not arguing over whether or not government should be involved, though - just curious on whether or not firing "unproductive" workers is a net gain or loss for the economy once total unproductiveness in unemployment, demand decrease, and welfare are factored in. I guess, growing up, I only heard that "firing people is bad because companies make money, and they shouldn't make more money by firing people," and by the time I hit the age of reason, I was surrounded by libertarians so I've never heard any decent debates on the matter.
It's simple. If it's a loss for the company, then it's a loss for the economy. Thank you so much, This really opened my eyes. |
|
|
|
|
still need help with thanks guys..
|
|
|
|
|
I would never ask for this loan unless I had the absolute need for it and could back up the payment.
With the recent event of me getting rehired and with a 10btc that I was going to pay back with ith my income tax I would rather pay that off now then when it is due in 2 weeks to and be able to use the other 10 for personal needs.
My previous loan is 10btc and that is the only loan I currently have out.
I have no problem giving whatever information is needed. Thank you please contact me for further details.
thanks gabbergabe
|
|
|
|
what monitor (lcd 24+ inches) turns off and on the fastest
tired of seeing the stupid loading screen, waiting to recover from sleep...
You must be really busy or just really good with time management where 2-3 seconds is unexceptable because that time can be spent elsewhere. So in response I wanted to post a list of what you could do in 3 seconds, and the funny thing is im so lazy I actually just googled it. And because my lazyness knows no boundries I settle for " 17 things you can do in 30 seconds" Because there was nothingfor a list of things you can do in 3 seconds. And I didnt want to think about it but here you go with the list. Get an MA degree from the University of Tijuana. Sing Supercalifragilisticexpialidocious. At least half of it. Play hide and seek with an ADHD kid. Send an error report to Microsoft. Take a "30 seconds result" pregnancy test. Even if you are a man, actually, especially if you are a man, maybe the rocket won't be the most significant event of your day. Cook "Minute Rice." (Warning: it will only be half cooked) Watch the all-time highlights of Israel's national soccer team. Twice. Quit smoking. Twice. Hug the fattest guy around. Sharing is caring - especially if it's rocket shrapnel. Go to the window and shout, "I'm sorry I didn't spend more time at the office". It's always nice to refute a clichι before you die. Watch 1/120 of CBS's "60 minutes." Swim 7 laps in an Olympic pool (only if you are Michael Phelps) Change your profile picture on Facebook and then change it back. Write a nasty comment about someone's piece on the Huffington Post without really reading the article. Watch the most watched clip on "YouTube." (Only if you want to spend your last moments watching an angry squirrel turn his head) Learn all the names of the moderate non-violent ministers in the Hamas government by heart - and you'll still have 29 seconds left. Get in a big black plastic bag. It won't save your life but it'll make the work of the evacuation team much easier. It's to die considerate. |
|
|
|
|
So the butterfly labs ASIC chip is all bullshit>?
|
|
|
|
I had seen this when I searched youtube for new Documentaries and I cannot wait for this. Infact why dont I just download it illegally before it comes out from the pirate bay.... |
|
|
|
|
well ok its not barter but isnt a little bit of both?
I mean the auto mechanic does work on the mans car, he then pays with TEM and then in return he could use that to buy olive oil. But If you remove the piece of paper that is the TEM note isnt it just pretty much a barter system?
Thank you all for replying and clearing things up, please try to keep a positive tone. If someone doesnt know just politely correct them.
To many times on this forum have I seen or had it happen to me where the wrong answer or misinformation leads to someone jumping your shit as if you said the wrong answer to piss them off. Or they just have this attitude that you should have known or that they know all and everyone else is stupid.
anyways..
|
|
|
|
Just a thought, but paying for airline tickets in BTC? I kno it has nothing to do this but It just got me thinking about it. sorry ill make a new thread about it.
Actually that's why I posted! Well I thought the whole purpose behind BTC was anonymity? And Though alot of people believe that purchasing anything you shouldn't be required to provide personal information but a plane ticket they definitely require a lot of personal identification. But then again If you dont really care to much and if you were one of the lucky/smart ones who was part of the begining of BTC and you were mining and amassed quite a few coins then buying plane tickets and racking up flyer miles would be a win/win for you. But this is my personal opinion and I want to make that clear before I say this but...It seems that BTC is a currency for the tech savvy and is requires the average person to educate themselves on BTC and how it works, how to us it, and how to obtain it. And unfortunatly I think thats asking alot from your average person. So I just dont see this becoming a currency that your able to purchase plane tickets with. I use my mother as a BTC expierement, she was excited when I had told her about it but I left it that. She came back to me awhile later saying it was just to hard to understand all on her own without investing a good chunk of her time to be comfortable with it. And with a 40 hour a week job and life as it is, it just didnt seem to benifit her to invest or go any further for her. so with that said its just my opinion and how I see BTC with the average person. With USD Ive had my whole life to learn, earn, use, loose ect. Be comfortable with my countrys currency. And to implement a new alternative currency that is not a pysical , but digital doesnt really sit to well with most people when i first tell them about it. We just really need a better way of getting the BTC message out there and in a way" DUMB" it down for the average person to get on board which I think we will all benifit from. I cant tell you how many time I felt stupid with BTC or with this forum because im not as educated as some of our members here on these subjects. And more then once its almost driven me to just leave it alone and to those more technical and just sticking to USD. But the benifits if BTC are just to great for me to walk away. So imagine the average person getting into it and how overwhelming it must be for them after the euphoria of the benifits of BTC ware off in the light of the reality of how BTC works and what you must know to be profecient with it. |
|
|
|
So theres two sides to this coin, My opinion is based of fustration of people lossing their jobs. I guess Im just looking at the human factor in this and thats it. Maybe its a better direction for the company but for all those loosing their job is just a bummer. It just reminds me of my mom loosing her job she had loved so much when the recession hit. And it just devastated her, along with me feeling sorry for her loss Ive also remeberd it and when I here of people loosing jobs just brings back to that time. Its just my opinion.
Wouldnt this also be bad for their PR department? Doesnt that effect them too? Im sure its not a big loss on image but they still look like pieces of shit to me.
I really do wish i knew more about economics and buinsness , and Im trying everyday to learn something new and I guess thats hy I lurk around here so I thank you both for your imput. Got 2 different points and allowed me to look at it differently and learn something.
Usually in times of distress, companies will cut employees only if they have to. They do this because they have to, or else everyone loses out when they go under because they can't afford to pay wages whilst staying competitve. Yes, there is the human factor, and that's why most good companies have money set aside in the case they have to sever contracts with an employee to help them transition to other things. Money to keep you by and references can go a long way. To those people that only know how to do one job and one day their job becomes obsolete by technology, I'd say they now have the freedom to pursue other worldly ventures but most people don't know how to get there, especially after an abrupt change in lifestyle such as the loss of a job. It'll be hard, but there are other things now worth doing I'd imagine. Such is reality I suppose, but things undeniably have still gotten better than before. Our standards of living 300 years ago were definitively poorer than now. Well I guess thats a positive way of looking at it. And you can also add in that they now have goverment programs that pay for a worker whos has been laid off to be trained in a new field. So maybe I should be a little happy for these poor people because now there free to pursue a different direction, And hopefully the company does have some money set aside for those who were laid of to help them with their transition and also maybe they will take adavntage of these new training programs and find a good company to work for. |
|
|
|
|
Id like to see what the coin may look like though after reading some of these article it is not going to happen.
But that doesnt mean we dont deserve some eye candy to go along with this joke!
Would obamas head be on one side and eagle whos aged poorly and looks like it has a disease to symbol our economy?
|
|
|
|
|
I watch american Idol, therefore I am.
|
|
|
|
|
My personal first time encounter of alex jones was through medical marijuana legalization and the prohibition of it out right.
And it was a gateway to some serious alex jones political shit.
Now im hooked trying to get help...
|
|
|
|
I'm sorry but I haven't the faintest what you are on about, your post isn't coherent enough to really convey anything. Better luck next time.
LOL. The OP had groundbreaking discoveries to share with us!! After reading the 1st reply to this thread I knew it was forum gold! |
|
|
|
|
did you see the office in which TEM was head quartered at in the video? It was sharing the suit with a seamstress and her sewing business.
That alone had me thinking this wasnt going anywhere it is but in time of need they seem to have found a temp solution for day to day items being purchased without having income but rather a barter system.
Now that I think of it bitcoin wouldn't have helped them unless the town had a few miners in the beginning who they them selves excepted TEM in exchange for bitcoin. But TEM has a 1200$ limit per person so I guess thats why it wont go too far.
|
|
|
|
The article IS A GOOD READ!
It helped me understand just why china even bought our debt in the first place.
And that like stated above that japan is next in line behind china and I didnt know that.
However whats this deal about "obamacoin"??
Here is a rather liberal/democratic view of: ObamacoinI'm sure you can find plenty of stories with whatever political view you prefer (conservative, libertarian, statist, etc) "In case you're not familiar with this idea: In general, the Treasury Department is not allowed to just print money if it feels like it. It must defer to the Federal Reserve's control of the money supply. But there is an exception: Platinum coins may be struck with whatever specifications the Treasury secretary sees fit, including denomination." so the coin can be worth whatever they say and is backed by what? More debt? gold? |
|
|
|
I have not found the system adequately explained anywhere. It is notes denominated in euros. Are they 100% backed by euro notes stored in a warehouse? Probably not. 100% backed by a euro savings account? Probably not. Partially backed by a savings account? Probably not. This leaves only the possibility of them being a form of debt. Does the organization that issue them receive 100% payment from the users? Probably not, but if so, where are the money going? If the users does not pay for them, how are they distributed to the users? A certain amount per person? We don't know. Anyway, being debt, the notes will have a value less than nominal. We have also seen from the newspaper reports they are not usable for all kinds of trade, for instance a doctors bill can only partly be paid with TEM's, the rest must be paid in euros. When the system is being wound down some time in the future, the holders will loose the value of their TEM's. All in all, this experiment is not really interesting from a money system aspect. Yea I was pretty suprised myself but as you see in the video it works well on a small local scale. |
|
|
|
|
I wish there was to tell how much activity a country has to contribut in a % with bitcoin.
Say for shits and giggles 10% of bitcoin users or activity comes from canada or whatever. Something to base it off to see if Egyptians truly do start to flock twoards bitcoin. But I guess alot of it has to do with how well butcoin is known there right now. You would think that with the arab spring propelled by social media that they would already be well acclamated with it. Or maybe they are already.
|
|
|
|
|
Show Posts
