You can only give employees a raw deal compared to the rest of the world while still offering poor quality goods/services in terms of value for so long.
Thanks, Jack Welch. If there is a Hell, I hope you are doing the Devil’s books.
OrionDax on
Capitalism is great so long as you don’t outsource everyone’s job to countries with lower wages and poor labor standards. On the other hand, we must maximize shareholder wealth no matter the cost!
Aggravating-Salad441 on
Too many people have too little access to opportunity.
Most discussions focus on groups that are doing well, or aggregate economic data. But once the number of have nots or those lacking stability rises too high, then people become disillusioned. Those that are doing okay start to get nervous that they may not be so stable. It can be tough to stop once it starts.
This is why we have the rise of populism, regardless of ideology. And people are still too busy fighting each other.
3 Comments
You can only give employees a raw deal compared to the rest of the world while still offering poor quality goods/services in terms of value for so long.
Thanks, Jack Welch. If there is a Hell, I hope you are doing the Devil’s books.
Capitalism is great so long as you don’t outsource everyone’s job to countries with lower wages and poor labor standards. On the other hand, we must maximize shareholder wealth no matter the cost!
Too many people have too little access to opportunity.
Most discussions focus on groups that are doing well, or aggregate economic data. But once the number of have nots or those lacking stability rises too high, then people become disillusioned. Those that are doing okay start to get nervous that they may not be so stable. It can be tough to stop once it starts.
This is why we have the rise of populism, regardless of ideology. And people are still too busy fighting each other.