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Thread: Profits soar amid mass layoffs

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    Re: Profits soar amid mass layoffs

    That is only true if the old rules and the old laws and the old mindset about a company and its obligations hold true. And therein lies the answer.
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by haymarket View Post
    That is only true if the old rules and the old laws and the old mindset about a company and its obligations hold true. And therein lies the answer.
    There is a major problem with your comment about a company's obligations. That is when you look at global companies, many have most of their revenues and employees in countires outside the U.S. Why do you feel that such companies owe more loyalty to workers in the U.S. than workers elsewhere.

    When I say we are largely uncompetitive here in the U.S. for many jobs one of the things that could help that would be a single payer health care system. Companies that provide HC in the U.S. pay more for just that benefit than workers get as total comp in Asia.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by haymarket View Post
    That is only true if the old rules and the old laws and the old mindset about a company and its obligations hold true. And therein lies the answer.
    That really said nothing.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by washunut View Post
    There is a major problem with your comment about a company's obligations. That is when you look at global companies, many have most of their revenues and employees in countires outside the U.S. Why do you feel that such companies owe more loyalty to workers in the U.S. than workers elsewhere.

    When I say we are largely uncompetitive here in the U.S. for many jobs one of the things that could help that would be a single payer health care system. Companies that provide HC in the U.S. pay more for just that benefit than workers get as total comp in Asia.
    Because I believe America is better than the rest and I believe the American people deserve better. We started this nation to have a place to be the best. Lets make that happen for everyone - or at least the broadest amount of society we can do so with. If American companies want to survive for another fifty years, another one hundred years and more they must come to the table and resolve this fundamental issue. As technology increases, much labor which used to be necessary and important becomes unnecessary and superfluous. Scores of millions of people - especially the less intelligent and less talented - are going to be like tits on the proverbial bull. And they vote and they get angry and they will not accept a status of being useless and watch while right wing politicians discuss curbing their "entitlements" and curbing their "welfare programs" and imposing martial economic law on their cities and towns.

    I agree with you on the health care issue. We are of like mind on that.
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by 1Perry View Post
    That really said nothing.
    Perhaps you can go here and it will say much much more to you about it

    http://www.debatepolitics.com/econom...l-problem.html
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by atrasicarius View Post
    You seem to be forgetting that there's another side to the capitalist equation called the employee. Who gives two ****s about them though, right?
    labor is a commodity



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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by haymarket View Post
    Because I believe America is better than the rest and I believe the American people deserve better. We started this nation to have a place to be the best. Lets make that happen for everyone - or at least the broadest amount of society we can do so with. If American companies want to survive for another fifty years, another one hundred years and more they must come to the table and resolve this fundamental issue. As technology increases, much labor which used to be necessary and important becomes unnecessary and superfluous. Scores of millions of people - especially the less intelligent and less talented - are going to be like tits on the proverbial bull. And they vote and they get angry and they will not accept a status of being useless and watch while right wing politicians discuss curbing their "entitlements" and curbing their "welfare programs" and imposing martial economic law on their cities and towns.

    I agree with you on the health care issue. We are of like mind on that.
    You seem to put the entire burden on American companies, not sure exactly what you would have them do. You mention that there is a subset of the population are going to be angry. They are I agree, again not sure what companies can do about it. They can't hire people for $30 per hour instead of $2 per hour unless the American consumer is willing to pay more for product made here. Americans like to blame companies, politicians etc. Either they have to do the right thing and pay more for American paid product, or admit they won't. If they won't and you still want "free trade" then Americans who have less skills have to be willing to be paid accordingly.

    Also although you probably disagree, immigration hurts the bottom of our workforce. It seems crazy to me that we have 15 million un/under employed and allow millions of unskilled workers come and compete. Not only compete but these folks get abused by their employers and oftentimes are willing to work for less than the minimum wage. How anyone can be concerned about the poor in this nation and allow this unfair competition for the few jobs that are available to them.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by atrasicarius View Post
    The essence of capitalism: I've got mine, and **** everyone else.
    Actually that's essence of the individual.

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    Re: Profits soar amid mass layoffs

    from Washnut

    You seem to put the entire burden on American companies, not sure exactly what you would have them do.
    If that is the impression I have given, I am sorry for that. I feel strongly that this is a societal problem and all the major players in society will have to unite together to solve this... not just companies and not just making demands on companies to change without others changing also. When this subject came up before in other threads, Turtle Dude said something very incisive and profound... he said that companies will only hire more workers when they can make money from hiring more workers. That is an excellent observation and 100% true.......... under the present system and under the present rules and under the present imperatives that companies operate under.


    You mention that there is a subset of the population are going to be angry. They are I agree, again not sure what companies can do about it.
    They have to change what they value and what value they place upon what they value. I would hope they value doing business in America with the American people for a long long time and want a sustainable nation which can provide them with a worker base and a customer base and profits.

    They can't hire people for $30 per hour instead of $2 per hour unless the American consumer is willing to pay more for product made here. Americans like to blame companies, politicians etc. Either they have to do the right thing and pay more for American paid product, or admit they won't.
    I agree. Lets do that and do it now.

    If they won't and you still want "free trade" then Americans who have less skills have to be willing to be paid accordingly.
    Sorry, but I do not want free trade. Fair trade - possibly. And I want the government to exercise its Constitutional powers given to it by the Founding Fathers in this regard.

    Also although you probably disagree, immigration hurts the bottom of our workforce. It seems crazy to me that we have 15 million un/under employed and allow millions of unskilled workers come and compete. Not only compete but these folks get abused by their employers and oftentimes are willing to work for less than the minimum wage.
    I would not completely disagree or completely agree. Immigration does hurt some of our workforce. Immigration does provide a necessary workforce for labor that American business will not pay American wages to.

    In my job with the Michigan state legislature, we recently looked at proposed legislation to cut down on migrants jobs in the state. They wanted to mandate contractors on state jobs to use the EVerify system and had a penalty of from $100 to $1,000.00 for a violation. Of course, a behind the scenes deal was made between its right wing sponsor and the Farm Bureau to exempt all agricultural jobs and then side deals made with the tourist businesses to exempt such jobs as hotel maids, cooks, waitresses and others. At the second committee hearing, the rep I work for proposed that we allow NO exemptions of any kind. He proposed that the law apply to ALL immigrants wanting to work in our state. He proposed a fine of $1,000 per day per worker who was not either a documented legal immigrant or one who had legal papers to work. He further added a criminal penalty for anyone who knowingly hired illegal workers.

    Do I have to tell you what the Republicans did next?
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by washunut View Post
    There is a major problem with your comment about a company's obligations. That is when you look at global companies, many have most of their revenues and employees in countires outside the U.S. Why do you feel that such companies owe more loyalty to workers in the U.S. than workers elsewhere.

    When I say we are largely uncompetitive here in the U.S. for many jobs one of the things that could help that would be a single payer health care system. Companies that provide HC in the U.S. pay more for just that benefit than workers get as total comp in Asia.


    Who do you think is going to pay for the single payer healthcare system?

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