BudSniffer

Companies churn out profits but not jobs - Yahoo! News

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"Nobody thinks the way that I do, I guess nobody dares. My head's so full of things, I set my mind free of them. I'm breaking the rules, breaking all the rules. " -Ozzy Osbourne

wellfleation

It's worse than even that - Job listings say the unemployed need not apply:
- From "The Lookout" (yahoo)

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FIGHTPOWER

~1~

Profit = success.

So in order to be deemed successful, you have to show a large profit margin and if you can't bring in more revenue, how do you up the margin?

Slash operating costs.

And how do you do that?

Well, machinery and utilities cost what they cost, as well as raw materials and transportation so that leaves the one thing there is actually plenty of, labor.

Now you fire Bill who used to do a great job for $20 an hour and move Fred on up to Bills position, without filling Fred's position so now Fred is doing the work of two men for the least pay and is shaking in his shoes because he knows that the boss man can fire him and send it all somewhere else for even less money so he shuts up, works until he drops and hope no one complains.

But damn the company looks so good on paper, the boss man just went out and bought another Mercedes.

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Roach

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לזיין את הקופים

DdC

"Our problems stem from our acceptance of this filthy, rotten system."
~ Dorothy Day

Strong corporate profits amid weak economy? yahooka 4-04-2011

The solution is simple. Eat the rich.


click to enlarge

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Mescalito

The solution is simple. Eat the rich.

Peace seeker

corporations have over 1.2 trillion cashflow and they arent re-investing in order to create more jobs. they just stash the money

with unemployement so high, employees are afraid that they re gonna loose their job so they accept shit that normally they wouldnt 10 years ago

we accept more work and more bullshit without a pay raise. they bullshit us and we accept it.

corporations dont pay taxes and screw both the governments and the middle class. By not paying their taxes, they create huge problems for social security, medicare, and so on. Its a chain reaction that screws the middle class again.

they only ones that get funded are the lobbies. Lobbying for the ultra-rich and sticking it to the middle class.

Globalization was a utopic lie. Corporations are screwing everyone. Its time for a change.

But theres plenty of empty, ruthless and shallow individuals who want to climb that corporate ladder and be a part of this corrupted system of bean-counters.

The whole system needs to change and only -WE- the people can change it.
Governments cannot change it. They dont want to change it as a matter of fact, because they are a part of it (elitism).

Financial markets rule the world. They want money. Billions and trillions of it.
Its time these markets collapse and their leaders stripped of their billions.

stoneric

In 2009 the company I work for said the sky was falling and everyone believed them. After freezing wages(union) and slashing benefits the company now claims to be the most profitable in its history. So after all was said and done the corporate side was left intact and the union side bore the brunt of our "recovery". But payback is a mother and with a mere 8 months left on our contract the company has unified our moribound union and we gleefully look forward to contact talks.

BudSniffer

In 2009 my company gave us a 5% pay cut for the year, and we were getting a "bonus" in Jan. and July. We were told the bonus was part of our pay, and it was, we are paid below average when compared to other companies so the "bonus" brought us up somewhat close to average. We get a new GM and warehouse manager who go on a rampage of, "everyone is to cross-train and learn all the jobs in the warehouse". All bonuses were cut out in 2009 and now we are told the old GM was giving out bonuses incorrectly, we are to meet 3 different criteria to be able to make a bonus. So far we haven't yet, but they give us a pittance and say, well we deserve a little something, oh, and management is foregoing a bonus so we can have 1/8th of what we used to get. We are now expected to do 6 jobs instead of one, and more rapidly, they keep bar graph charts and if you drop down below what everyone else is doing, you get your ass chewed.
They have been hiring some new people and they jump and run just as they try to get us to do, and we found out, a new hire, been there just a year is making about the same thing as some of us veterans that has been there for 5 years. Today we had a quarterly meeting/luncheon and they say, "delivery performance has been down the last 2 yrs".... gee this is when the new GM and manager started, and started cross training everyone! This is the same dumbass GM that brought his wife in to meet us shortly after he started, and loudly proclaimed, "Look! all these people are cross-training to learn all the jobs in the warehouse! The people up front can only do one job! She looked like she was embarrassed.... she prolly had heard his shit before, he was a big wheel with Fed Ex.....

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"Nobody thinks the way that I do, I guess nobody dares. My head's so full of things, I set my mind free of them. I'm breaking the rules, breaking all the rules. " -Ozzy Osbourne

HTAM

I heard about this earlier today.

After years or deregulation in key areas of the market, large corporations are heavily invested in cash. They are now taking precautionary measures to retain secondary financing if there is a downgrade in the US Govt. Credit Rating.

So-all this extra cash that the corporations have gained over the last few years due to tax reductions, cash that is supposed to go into creating jobs and reducing unemployment is wrapped up and sitting on the sidelines.

It's like arguing with an alcoholic who complains that they need a drink when they have an an unopened bottle of whisky in their hand.

But I smoke pot, so what the fuck do I know.

Center

The logical path to criminality?

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"As an organizer I start where the world is, as it is, not as I would like it to be. That we accept the world as it is does not in any sense weaken our desire to change it into what we believe it should be — it is necessary to begin where the world is if we are going to change it to what we think it should be." - Saul Alinsky

Peace seeker

I m afraid what happens in the middle east (uprising), will start contaminating the rest of the western world, if gvnts continue to turn a blind eye towards the ruthless tactics of corporations.

Add in the equation the political/financial/corruption scandals that keep surfacing which involve politicians, CEO's, members of gvmnt, media tycoons and public figures and you can see why the pressure in the steam cooker (the anger of the middle class) is rising dangerously

when a family man has lost his job and cant feed his children he will get angry. And of course crime will go up, drug abuse, psychological problems, alcoholism, etc.

the governments are sitting on a ticking time bomb (high unemployment). And if they dont do something about it, this will get nasty, geometrically fast.

John F. Kerry

I totally agree with the sentiment that jobs and job growth fucking suck.


But, for me, its like i ask, what can we do to create more jobs.

whatever problems there are, i think we should fix them. i wish we'd have a discussion about how to fix them.

example: the fact that ceos make a lot of money while workers make peanuts...thats pretty irrelevant to the issue of getting more jobs into the society. if anything, you want to suck up to those bastard rich ceos and wish they would hire you.... surely talking shit about them isnt going to help the situation or make them any more likely to hire people.


so thats why i just have a problem with the whole liberal side of the democratic party these days.... a lot of moderate dems arent like that... they come from the midwest and appreciate how the boss at gm , whatever he makes, has to want to hire more people before he will hire more people.... some how the far left part of the dems has this idea that what we really need to do is force them to hire people- or to punish them if they dont...

i think those people are still "self interested" just like they always have been -and , ok, maybe if the government took over every business then it could decide who to hire, and then hire more people... but that would ultimately result in disaster just like in every communist country in the history of the world, except china that isnt really communist.

lets get some ideas about how to make those bastard ceos (a sentiment i fully support ) want to, and be interested in, hiring more people. the republican idea , well the usual one, is to give them incentives or to make laws that give them incentives to hire more people... its about giving them something more which will spur them to give back most of the new thing you give them, in pursuit of even more profits and growth...

so i honestly think most of us agree on this stuff. im totally on board with you guys and share this sentiment about how hiring and jobs in america are totally fucked up-

and i also agree that its prety obscene to have these huge corporate profits , but high unemployment too- the fact is, in a free society, where we let people chose what they do, thats the situation we have now.... so you can lament it and talk about how bad it is- or you can try to put policies in place that will make people change their own calculus of self interest, and hopefully benefit society, "do well by doing good" . or , the third way is to push for centralized control, oversight and regulation, where you think some beurocrat will really be able to force companies to hire more people- but as an entire century showed- that centrally planned stuff just doesnt work. so imo thats like a lost cause, and since that wont work, and since bitching about it doesnt help, it seems to me like the 2nd way i talked about above is a good bet. it has worked multiple times in the past, (since like 1750 when adam smith came up with it) and we may need to tweak it or set it up for the new millenium, but the debate should be how do we fix free market capitalism... not how do we control it, or complain about it, because at the end of the day the market does what people think it should.... its like a natural thing, u have to change people before you can change the market, unless you want to hold a gun to their heads the whole time like they did in soviet russia.

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Nasa under Obama

John F. Kerry

i wish that didnt come off as being selfish or being a republican shill.. because thats really not what this is about. its about human nature and trying to make society better. the way to make it better is to make people want to make it better. you can coerce them (like liberal dems want to), or you can encourage them by providing opportunities for success and advancement (like some others think is wise). i honestly believe in that kind of idea, and ive never seen any evidence that makes me think somehow "eating the rich" will help anything. i swear i am not wealthy, nor is my family. im not putting on a charade to trick poor people into remaining enslaved... i want a well paying job too! and i think my way is the way to get it.

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Nasa under Obama

John F. Kerry

so in keeping with my idea and stated goal here- that is, not to help the republicans, but to do whatever we can to make the economy and the job situation get better.

was reading this and found it pretty interesting


"Fact
The real job-creators are the consumers. The boss will hire more workers if present business capacity is unable to fully satisfy consumers’ demand for goods and services. The boss will lay off employees if business capacity exceeds consumers’ demand. Taxes have little to do with hiring or firing of employees. The bosses do not create jobs. In their attempts to maximize their profit they act to satisfy demand in response to the real job creators—the customers.

What we need right now is a “Demand-Side” economic policy rather than a “Supply-Side” one."

why doesnt anybody in ameirca say things like this? id probably vote democrat if the democrats talked like this instead of pandering to the labor unions and poor minorities all the time.


.... israel actually, comming from the fact that many immigrants were semi-bolshevik has a pretty interesting economic strain of thought. they are like the ultra practical in some ways, and in other ways they are leftist, and in still other ways they have a lot in common with the gop.

http://www.jpost.com/Magazine/Featur...aspx?id=230771

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Nasa under Obama

ionlylooklazy

<-- works for an employee owned company. them profits is mine

BudSniffer

I wholeheartedly agree!

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"Nobody thinks the way that I do, I guess nobody dares. My head's so full of things, I set my mind free of them. I'm breaking the rules, breaking all the rules. " -Ozzy Osbourne

~1~

Probably because it's completely misguided bullshit and typical of the 'this way or that way' attitude that pervades the country, there is a middle ground, there is balance and it can be achieved with what we have if we are willing to say 'Okay, let's do what's best for EVERYONE....'

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The Rev

I don't think we're going to get anywhere until people start to realize that the problem is that there is no one to blame. We have set up a system that has gotten out of our control. The corporate "fuck everything that moves for profit" motive is not an expression of ongoing greed, but a necessity now, given the way the system works. If you try to do things differently, you perish as a company.

We all need to say, "Okay, we set this thing up to be profitable, but now it's gluttonous; it's time to get in there and impose a new paradigm before we all die of this disease." All this throwing blame back and forth between liberals and conservatives, middle class and rich, young and old, black and white, etc. is just fighting in a burning house. Klingon proverbs warn us against such foolish behavior, and we would be wise to heed them.



The Rev

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stoneric

You hit the nail on the head often.