Oct. 6th, 2008

nico1908: (Default)

"U.S. businesses also are feeling the fallout as the financial crisis compounds already weak economic conditions. Companies ranging from chicken producer Pilgrim’s Pride to software giant Microsoft have fretted about the economic climate. If businesses see profits drop, that could lead to more job losses and further erode the overall economy, making it harder for everyday Americans to make ends meet this winter." (Source
here)

Okay, you corporate dumdums, apparently you don't know what "profit" means (although you should, seeing as you must have a college education, hopefully an MBA - but maybe that doesn't include accounting). Profit is NOT the same as revenue. Profit is what is left over, after all expenses have been paid (including salaries and wages). In a well-run business, expenses include depreciations as well as reserves for times when the going gets rough. So don't give me the "oh woe me" if your profits are decreasing. You are still turning a profit, which means you still make more money than your business needs for survival.

If you had paid your workers/employees better in years past instead of amassing more and more profits, the economy would be in better shape now. Why? Because what goes around comes around. 1% of income earners may make 40% of the combined salaries/wages in this country, but they are NOT who keep the economy going. That would be the remaining 99%. This economy depends on mass consumption to keep running, not on millionaires who buy luxury items. The trickle-down effect has never worked.

All I can say to the ignoramuses at Microsoft & Co: If your workers are getting to a point where they can barely afford the necessities of life (shelter, clothing, food, transportation), who is going to buy your PCs?

So instead of laying off workers, how about being a true patriot for a change? Keep your workers! This may be news to you, but they are the ones who helped you make your fortune, now it's your turn to help them.

nico1908: (Default)
For my German-speaking friends. Enjoy!



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