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Is it just me? Corporations #4541846
10/13/17 06:41 AM
10/13/17 06:41 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
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 ?!?


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: StevieC] #4541857
10/13/17 06:51 AM
10/13/17 06:51 AM
Joined: Dec 2006
Posts: 18,615
Dallas,Tx USA
aquariuscsm Offline
aquariuscsm  Offline
Joined: Dec 2006
Posts: 18,615
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.


1996 Nissan 300ZX 5-speed,Arctic Pearl(#175 of 300)
Quaker State Ultimate Durability 10W30
2012 Honda Accord Coupe EX-L 2.4,auto,San Marino Red
Quaker State Ultimate Durability 5W20

Re: Is it just me? Corporations [Re: StevieC] #4541860
10/13/17 06:53 AM
10/13/17 06:53 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
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

Last edited by StevieC; 10/13/17 06:54 AM.

'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: StevieC] #4541862
10/13/17 06:54 AM
10/13/17 06:54 AM
Joined: Mar 2014
Posts: 3,245
NJ
Leo99 Offline
Leo99  Offline
Joined: Mar 2014
Posts: 3,245
NJ
Why do you think inflation is a good thing?


Without data you're just another person with an opinion. W. E. Deming

2003 Corolla 250,000 miles
2004 Rav4 359,000 miles
2015 Camry 59,000 miles
Re: Is it just me? Corporations [Re: StevieC] #4541864
10/13/17 06:56 AM
10/13/17 06:56 AM
Joined: Sep 2014
Posts: 33
NH
dmack2 Offline
dmack2  Offline
Joined: Sep 2014
Posts: 33
NH

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


17 Toyota Sienna,40K,TGMO 0W20
13 Avalon Hybrid,91K, TGMO 0W20
99 Sierra 4X4 5.3, 130K, M1 0W40
50 Ford Woody FH V8, 29K, MS HM 10W30

Re: Is it just me? Corporations [Re: Leo99] #4541866
10/13/17 06:57 AM
10/13/17 06:57 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
Originally Posted By: Leo99
Why do you think inflation is a good thing?


Leo a certain amount is a good thing.


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: dmack2] #4541868
10/13/17 06:58 AM
10/13/17 06:58 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
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.


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: StevieC] #4541878
10/13/17 07:15 AM
10/13/17 07:15 AM
Joined: Oct 2002
Posts: 5
Charlotte, NC
wimpy01 Offline
wimpy01  Offline
Joined: Oct 2002
Posts: 5
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.

Re: Is it just me? Corporations [Re: StevieC] #4541881
10/13/17 07:17 AM
10/13/17 07:17 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
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!


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: StevieC] #4541885
10/13/17 07:20 AM
10/13/17 07:20 AM
Joined: Sep 2014
Posts: 1,446
Toronto Canada
WobblyElvis Offline
WobblyElvis  Offline
Joined: Sep 2014
Posts: 1,446
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

Last edited by WobblyElvis; 10/13/17 07:20 AM.
Re: Is it just me? Corporations [Re: StevieC] #4541888
10/13/17 07:24 AM
10/13/17 07:24 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
I love TED. It's awesome. Thanks I hadn't watched this one. smile


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: StevieC] #4541897
10/13/17 07:34 AM
10/13/17 07:34 AM
Joined: Jun 2017
Posts: 208
NY
DdDd Offline
DdDd  Offline
Joined: Jun 2017
Posts: 208
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

Re: Is it just me? Corporations [Re: StevieC] #4541902
10/13/17 07:39 AM
10/13/17 07:39 AM
Joined: Sep 2004
Posts: 21,624
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,624
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....

Re: Is it just me? Corporations [Re: StevieC] #4541905
10/13/17 07:42 AM
10/13/17 07:42 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
Yeah but what about sustainability or does it just matter what's right in front of them? frown


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Is it just me? Corporations [Re: DdDd] #4541907
10/13/17 07:42 AM
10/13/17 07:42 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Online content OP
StevieC  Online Content OP
Joined: Aug 2008
Posts: 18,298
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?


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
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