Thread: Economics Strikes dont always work.
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Old 11-15-2012, 05:12 PM   #64
Amnorix Amnorix is offline
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Quote:
Originally Posted by vailpass View Post
If that is the path a company needs to take in order to stay competitive and remain in business then it is best for the remaining employees, isn't it?

Depends on the situation. The real question isn't, however, whether what companies are doing is "right". You can't legislate "right" or "fair". The issue is what can government do to set policies to encourage or enforce a system that will result in a proper balance between competitive and profitable, strong, companies and a strong and healthy middle class.

That kind of language drives some people, especially libertarians like Taco John, completely round the bend, but the fact is we already have a very large system designed around precisely that. There's a whole host of labor laws around minimum wage and overtime laws, etc. Tax laws also come into effect, encouraging some things while discouraging others.

It seems to me, based on trends over the last 25+ years, that clearly our systems are poorly designed, leading to increasing aggregation of wealth, a weakening middle class, and companies that are just hoarding cash for no real reason except to hoard cash.

Quote:
Like the employees at the Twinkie factory who couldn't figure out that 92% of something is better than 0%.
What a bunch of ding dongs.

Not necessarily. It's all about opportunity cost. Hopefully they've done the calculus correctly on that.
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