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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44542)8/7/2010 3:49:57 PM
From: tejek  Read Replies (1) of 71588
 
If the same profitability can be achieved with fewer works, then it is right and good to have fewer workers on your payroll. The managers are morally obligated to work in the interest of their owners. That interest does include considerations are employee morale, and other longer term issues, so its not always a good idea to slash payroll at every opportunity, but the company should shift its employment in line with economic reality. If the extra workers don't bring extra profit than they will be more efficiently employed somewhere else. If business enterprises become more profitable, that higher profitability (which in the short term might just mean lower losses), will encourage more investment, and reduce waste of resources. For that reason its not just in the owners interest to not pad employment too much during good times, or keep unprofitable employees on the payroll during bad times, its in the interest of society in general.

It has been proven over and over again that at a certain point of overworking your employees, productivity begins to decline. Its very likely that American industry has reach that point in this stage of the recovery.

Nonetheless, its very clear that American industry cares more about their shareholders than they do about their country and the cities in which they reside. Another failing in America's brand of capitalism.
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