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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (1983)9/30/2014 4:11:11 PM
From: Jerome  Read Replies (1) | Respond to of 26440
 
Hi Kirk, Its a sign of the times. Keep cutting overhead and move jobs to lower wage states. And at the same time complain about the disappearing middle class.

But Boeing is not alone.....The Taj Mahal casino is closing next month. But Carl Ican is off to the rescue.

Ican offered to invest 100 million dollars in the Taj Mahal IF.............

Atlantic City reduced his tax assessment by 85% (from $245 million to $40 million) ....and

Have the employees take a pay cut of at least 35% (from a $12 dollar average wage to the minimum wage of about $8.00 per hour)...and ,,,,,,,

The state should give him $25 million funds from a state agency.

As the following article states.......Atlantic City said NO

cbsnews.com

So where does all this crap end......You lament the loss of jobs (and rightly so) and the loss of the middle class.

Are companies just too focused on the bottom line instead of paying attention to needs of Americans for decent wages and better paying jobs? Is the quarterly bottom line the only metric of importance?

Has Ican got a business plan other than helping himself at the expense of the people that work for him?

This is all part of a sad national trend that will continue on into near future.