Pages

Jump to bottom

3 comments

1 sauceruney  Sat, Nov 10, 2012 9:46:09pm

Yes, but we won't see the media clubbing them over the head with this effective logic-weapon... sadly.

2 dragonfire1981  Sun, Nov 11, 2012 8:10:57am

Well, I do think a lot of the recent, supposedly "Obamacare" related lay offs are little more than "I told you so!" grandstanding, the real issue runs far deeper than what is discussed above.

A lot of it ties into the "Wal-Mart effect"/China problem. What do I mean by that? It's simple. When Wal-Mart first started to heavily outsource in the 1980s, they suddenly became able to provide products for a considerably lower price than had ever been done before. Quality notwithstanding, people were really thrilled that they could get stuff for cheaper.

Other companies, in order to remain competitive, began sending manufacturing overseas as well so they too could offer items at lower prices. In a sense it's always been a price driven economy, but the effects of the Wal-mart move have made it even moreso.

We've gone from being concerned about price to effectively obsessed by it. It goes without saying that when someone will buy something at one store because it is a mere FIFTY CENTS less than at another (and yes, people really do this all the time), we've placed price above all else in our shopping decisions.

As a result, there's downward pressure on pricing. In order to survive in the marketplace, companies HAVE to keep prices as low as they possibly can.

This is great for the customers...but unfortunately not for the employees of these companies. That's because the vast majority of price discounts come at the expense of the workers.

Wages have been stagnated for a couple of decades now, 401K benefits have either been vastly curtailed (no company matches anymore) or outright eliminated, employer health insurance has become considerably more expensive (and at the same time LESS comprehensive), even long time standard perks like paid vacation days have gone the way of the dinosaur. Heck even full-time jobs have in many cases been thrown aside in favor of part-time, seasonal and temp work because companies don't need pay benefits to part time or temp workers.

Corporations aren't doing this to be mean to their employees, they're doing it as a means to get their price points as low as possible. In other words, our insatiable appetite for low prices has cost us far more than we realize.

3 Skip Intro  Sun, Nov 11, 2012 9:25:23am

Speaking of moochers and takers,

Image: ve-tax-dollars.gif


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2023-04-04 11:11 am PDT
LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Cash.app
Recent PagesClick to refresh
Harper’s Magazine: Slippery Slope - How Private Equity Shapes a Ski Town …Big Sky stands apart for other reasons. The obvious distinction is the Yellowstone Club, a private resort hidden in the mountains above the community that Justin Farrell, a professor of sociology at Yale and the author of Billionaire Wilderness, ...
teleskiguy
Yesterday
Views: 250 • Comments: 0 • Rating: 0