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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 theplaydrive View Post
    1. I'm pretty sure he didn't bankrupt America.
    2. I'm pretty sure he's not trying to bankrupt private industry. His argument is that some companies keep their employment levels low to make ridiculous profits when they could give people jobs.

    It's funny to me that the same people who bitch about unemployment levels under Obama don't give responsibility to the people who can hire but chose not to in order to get make ridiculous profits.
    I know this isn't the first time you've been told this, but companies don't employ any more people than they need. That's just how businesses work. Get over it.

    I can't believe how alien the idea of a company making money is to most Liberals.

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

    Quote Originally Posted by StillBallin75 View Post
    Businesses don't grow just because someone tells them to. That being said, Obama's frustration is understandable.
    He's not frustrated.

    He's saying this, because he knows he has to put on a show. If he is frustrated, her needs to look in the mirror at the asshole that's killing the job market.

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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."
    How do you define, "excessive profits"? Are you aware that those, "excessive profits", are used to re-invest in the company and keep the company going, vice closing the doors and putting everyone in the unemployment line?

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

    Quote Originally Posted by Whovian View Post
    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.
    I don't think that is what Obama was saying. I don't think he was encouraging businesses to hire people even if they can't afford it.
    (avatar by Thomas Nast)

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

    Quote Originally Posted by donsutherland1 View Post
    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).
    If the reduction in profits doesn't harm the function of the company and its ability to grow, then they can and should hire more people.

    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.
    Like I said, they should hire more people when it won't harm the function of the company and its ability to grow. Many companies had to stretch their employees thin when the economy tanked and I would argue they "needed" to hire more people then to provide quality service. Now that the economy is getting better, some companies are still stretching their employees thin when they can afford to hire more people - this is what I have a problem with. When I see CEO's with $10 million compensation, I have a problem.

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

    Quote Originally Posted by muciti View Post
    How so? I am not sure what you mean.
    Unions are the largest group of organizations that are constantly encouraged to change the way they function for the economy.

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

    Quote Originally Posted by Wiseone View Post
    I thought you were of the opinion that business is what makes economies grow? So I guess Obama is saying he needs businesses to grow the economy? I think you two are actually in perfect agreement, unless Obama should shift his focus away from businesses when looking at the economy, or that businesses should not hire more people?
    See, this is what's wrong with your assessment. You think businesses just magically make money. You really should take an economics 101 course, maybe sit down with a few small business owners and discuss with them how they work.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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

    Quote Originally Posted by apdst View Post
    How do you define, "excessive profits"? Are you aware that those, "excessive profits", are used to re-invest in the company and keep the company going, vice closing the doors and putting everyone in the unemployment line?
    Excessive profits are the kind that enable CEOs to make $15 million dollar salaries instead of hiring people who actually need money. I also want to make clear as others don't seem to understand that I'm not arguing corporations have a "responsibility" or "obligation" to anything, I'm arguing that they should in order to help the job market.

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

    Quote Originally Posted by theplaydrive View Post
    Unions are the largest group of organizations that are constantly encouraged to change the way they function for the economy.
    Unions are the largest group of organizations that slam corporate profits, demonize business, and demand more jobs.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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

    Quote Originally Posted by apdst View Post
    I know this isn't the first time you've been told this, but companies don't employ any more people than they need. That's just how businesses work. Get over it.

    I can't believe how alien the idea of a company making money is to most Liberals.
    Nothing you said was new to me and it has nothing to do with what I've argued, so I'm not sure what you're doing here.

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