It has been proven over and over again that at a certain point of overworking your employees, productivity begins to decline.
First productivity, while production keeps climbing (they produce more with the extra hours, but less per person-hour), then eventually production stagnates, or if the extra hours are taken to a ridiculous point, declines.
None of which is really responsive to my point. The company's fire people, or sometimes more gently stop hiring people to replace attrition, because they think hiring more people will not be profitable. They are not always right in that decision, but forgive me if I think the people running the business are better at making it than people who are not involved in the specific company, like you and me.
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.
Caring about the interests of the owner's who they work for and who the business belongs to is both morally and practically good.
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."
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"I have never known much good done by those who affected to trade for the public good."
- Adam Smith
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"There is one and only one social responsibility of business -- to use its resources and engage in activities designed to increase its profits, so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
- Milton Friedman |
