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Thread: Obama Tells Companies to 'Step Up' and Hire Workers

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by Krhazy View Post
    Businesses don't only hire people when they absolutely need to. I think many businesses are being more cautious than they need to be regarding hiring at the moment. I have no problem with what Obama said.
    A business that hires people when they are not needed, unless they are certain that in the near future the workers will be needed, is asking for failure.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    If Obama wants more Americans to work, he should direct them to move to China and take a huge pay cut.

    Yeah, that's it.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    I think he understands that.

    When some businesses start making excessive profits in part because of low employment, then they should be called out for it and that's what is happening here. It's funny to me how everybody besides big business is expected to make sacrifices in a poor economy, but corporations are exempt because "that's just how they work."
    A business is not obligated to hire people simply because it can afford to do so.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by Middleground View Post
    If Obama wants more Americans to work, he should direct them to move to China and take a huge pay cut.

    Yeah, that's it.
    Unfortunately, thanks to unions, this is true.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    When some businesses start making excessive profits in part because of low employment...
    Putting aside the debate over what constitutes "excessive" profits, what if a firm's profits are largely the result of process improvements that led to greater efficiency e.g., lower cost of production and the firm is already capable of meeting expected demand for its products for the foreseeable future? Hence, the firm has no competitive need to add productive capacity (labor or otherwise). Should the firm still be expected to hire workers in that situation? Such a move would only reduce profits (labor costs + reduced selling price if the firm produces larger quatities of goods than is justified by market demand and then has to cut prices to move inventory).

    Let's take things a step further. What if the industry itself is growing slowly, hence the firm largely gains market share only by taking it from its existing rivals. By adding productive capacity e.g., hiring workers, the firm would need to gain additional market share. If the firm cuts prices to try to gain market share, what if competitors follow and a price war erupts. All firms in the industry would wind up in a lose-lose situation. Profits would merely be passed on to customers (lower costs for consumers) and the industry would be weakened. Under such circumstances, layoffs could follow, especially if production cannot be reduced to levels more consistent with market demand.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by Erod View Post
    Unfortunately, thanks to unions, this is true.
    Or companies looking for much bigger profits so they can pay their executives gazillion dollar bonuses for saving them craploads of money for finding workers who are willing to do the job for peanuts.
    Last edited by Middleground; 05-12-11 at 11:05 AM.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by muciti View Post
    A business is not obligated to hire people simply because it can afford to do so.
    Nobody is obligated to do anything, but every other organization and all citizens are held to higher standards than corporations.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    Nobody is obligated to do anything, but every other organization and all citizens are held to higher standards than corporations.
    really? they are?

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by PeteEU View Post
    Actually he understands it far more than you do it seems.
    Obviously not, when he makes stupid assed demands such as this.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    Nobody is obligated to do anything, but every other organization and all citizens are held to higher standards than corporations.
    How so? I am not sure what you mean.

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