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#4541846 - 10/13/17 06:41 AM Is it just me? Corporations
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Is it just me or does it seem that corporations today fail to realize that by being stingy with wages and rolling back wages / cutting work force that they along with others are only shooting themselves in the foot over the long term because consumer spending is then cut back out of necessity.

It's like they can't see that one hand feeds the other and that if they give a little they will get a lot in return with benefit of a stable society where inflation grows and so do their profits and everyone is happy.

Seems to me the cycle is broken and they just keep breaking it further ?!?
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#4541857 - 10/13/17 06:51 AM Re: Is it just me? Corporations [Re: StevieC]
aquariuscsm Online   content


Registered: 12/30/06
Posts: 18157
Loc: Dallas,Tx USA
You're right on Stevie. Back in my retail days I saw how that slippery slope worked. The cut pay/benefits/hours/. Th crew is unhappy which flows down into the clientele. We'd work on a skeleton crew,and there would be no one to wait on the customers. So of course they'd walk out and spend their money elsewhere. Corporations' greed definitely shoots them in their own feet. I see it too as a customer when I go into an establishment.
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#4541860 - 10/13/17 06:53 AM Re: Is it just me? Corporations [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
To elaborate I'm not saying that corporations should pay all the taxes and not earn profits, but that if they paid properly this would be spent back into the economy and ultimately back into their pockets with the benefit of the whole sales cycle going around and around instead of boom/bust/crashing/uncertainty of today.

I mean we can all point fingers of what started this but at what point do they recognize and start moving toward change?

I just don't get it. shrug


Edited by StevieC (10/13/17 06:54 AM)
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#4541862 - 10/13/17 06:54 AM Re: Is it just me? Corporations [Re: StevieC]
Leo99 Offline


Registered: 03/30/14
Posts: 3040
Loc: NJ
Why do you think inflation is a good thing?
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#4541864 - 10/13/17 06:56 AM Re: Is it just me? Corporations [Re: StevieC]
dmack2 Offline


Registered: 09/03/14
Posts: 32
Loc: NH

Thatís what happens when the companies are run by bean counters & layers.
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#4541866 - 10/13/17 06:57 AM Re: Is it just me? Corporations [Re: Leo99]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Originally Posted By: Leo99
Why do you think inflation is a good thing?


Leo a certain amount is a good thing.
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'15 Dodge Journey - 90,000 KM's - SSO 5w20
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#4541868 - 10/13/17 06:58 AM Re: Is it just me? Corporations [Re: dmack2]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Originally Posted By: dmack2

Thatís what happens when the companies are run by bean counters & layers.


So glad someone else "gets" it.

They are watching $100 bills float by as they pick-up the pennies in front of them.
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#4541878 - 10/13/17 07:15 AM Re: Is it just me? Corporations [Re: StevieC]
wimpy01 Offline


Registered: 10/19/02
Posts: 5
Loc: Charlotte, NC
Started in the late 70s-early 80s when accountants started taking over C-level positions. Chrysler's debacle when Iacocca saved them was due to R&D $ being killed cause it didn't contribute to the bottom line.

Investors started looking at quarterly numbers instead of yearly numbers & M&As became REALLY popular. Buy a corporation, sell a portion of it or ship production overseas...etc., etc.

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#4541881 - 10/13/17 07:17 AM Re: Is it just me? Corporations [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Then it seems they throw super optimistic economist into the mix that keep telling everyone that everything is fine until it's not and then they are befuddled and have all the answers as to why something went wrong and then they go back to being super optimists again.

It's like a cancer on the world but one that is totally preventable without killing the patient!
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#4541885 - 10/13/17 07:20 AM Re: Is it just me? Corporations [Re: StevieC]
WobblyElvis Offline


Registered: 09/23/14
Posts: 1343
Loc: Toronto Canada
This video is sort of on topic although a little political. [uh oh]
When the middle class does not have the money to purchase goods because their wages are scaled back, who is going to buy the goods to keep the companies going?
https://www.youtube.com/watch?v=CKCvf8E7V1g


Edited by WobblyElvis (10/13/17 07:20 AM)

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#4541888 - 10/13/17 07:24 AM Re: Is it just me? Corporations [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
I love TED. It's awesome. Thanks I hadn't watched this one. smile
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#4541897 - 10/13/17 07:34 AM Re: Is it just me? Corporations [Re: StevieC]
DdDd Offline


Registered: 06/08/17
Posts: 189
Loc: NY
There are currently more people middle class in China than there ever were in the US.

They don't need you to do good anymore for profitability. In fact it's more profitable to operate in countries where everyone is buying their first whatever with insatiable appetites than to try and replace whatever you have.

And that boys and girls is the world in a nutshell circa 2017

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#4541902 - 10/13/17 07:39 AM Re: Is it just me? Corporations [Re: StevieC]
Mr Nice Offline


Registered: 09/12/04
Posts: 21185
Loc: Orlando, FL
Originally Posted By: StevieC
Is it just me or does it seem that corporations today fail to realize that by being stingy with wages and rolling back wages / cutting work force that they along with others are only shooting themselves in the foot over the long term because consumer spending is then cut back out of necessity.

It's like they can't see that one hand feeds the other and that if they give a little they will get a lot in return with benefit of a stable society where inflation grows and so do their profits and everyone is happy.

Seems to me the cycle is broken and they just keep breaking it further ?!?


That's how companies maximize their profits. It's all about meeting the financial metrics the CEO wants....

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#4541905 - 10/13/17 07:42 AM Re: Is it just me? Corporations [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Yeah but what about sustainability or does it just matter what's right in front of them? frown
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'15 Dodge Journey - 90,000 KM's - SSO 5w20
'06 Hyundai Santa Fe - 535,000km - SSO 0w30 (R.I.P)

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#4541907 - 10/13/17 07:42 AM Re: Is it just me? Corporations [Re: DdDd]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Originally Posted By: DdDd
There are currently more people middle class in China than there ever were in the US.

They don't need you to do good anymore for profitability. In fact it's more profitable to operate in countries where everyone is buying their first whatever with insatiable appetites than to try and replace whatever you have.

And that boys and girls is the world in a nutshell circa 2017


So then how do we continue to grow and stay relevant with a thriving economy on this shore?
_________________________
'15 Dodge Journey - 90,000 KM's - SSO 5w20
'06 Hyundai Santa Fe - 535,000km - SSO 0w30 (R.I.P)

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