Killing the Economy

Killing Jobs, Killing the Economy — that’s what your old company is doing. Mergers, takeovers, buy-outs, cutting costs to be competitive. Where the savings, where the money made by our bosses is found in racking up the lowest score in the number of salaries that no longer need to be paid. Ignore their PR of good intentions for their customers; look below the surface and it’s job cuts that are the real reasons behind it all. Service and better products? No, now the number one best way to “make” money is to let go of most of your workers.

It results in the CEO’s and board chairmen looking good to their stock shareholders, and believe me, they are amply rewarded for wielding the ax. Killing jobs has become common fiscal practice in firms that have combined into one huge firm, but too within intact existing single firms as well.

What happens when jobs are killed? That fiscal behavior is killing the economy! Just about every day the news carries company-after-company stories of 1,200 fired, 400 fired, 800 fired, 4,000 fired…. Where does it end? It doesn’t.

It takes a regular salary to be a regular consumer. But with the rush to “make” money by firing and firing, the number of consumers is rapidly shrinking. Thusly, so is our economy. Result? Our soon-to-be jobless economy is right now a sick economy.

But this is the way Capitalism works, many may say. Maybe so, maybe not. Something has gone haywire in the working definition of traditional Capitalism. Its formula is now corrupt. Face it: we are a consumer society. Probably the only major one in today’s world with less and everyday lesser salaried workers. Global buying and global selling where others use their salaries to buy the global products — that’s how it works.

But now, in these United States, with less salaries, there’s less buyers. Our own industries and consumer product producers and non-profits are killing themselves. When someone is out of a job and is without money, he or she becomes one less consumer that’s around able to buy things. It’s happening in our country at an alarming rate. Hey, can’t spend money you don’t have. This imbalance may — no, will — continue to spread unchecked.

The formula for a vibrant, healthy-growing economy is to keep people working and not to fire most of one’s work force. The act of cutting jobs could be called a lemming-like suicide — a suicide for our society when we go from a slowing economy, past recession, into depression where no one is working. It has happened before, and it looks like to me it’s happening again, this time because of job cuts.

Why job cuts? Really why? Because of excessive corporate greed. That’s why.

–30–




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