Willie Kool wrote:Sam's Drunk Dog wrote:Do any of you own securities that consist of company issued stock or their growth is based on the performance of publicly traded companies? If so, then you're part of the problem since you are profiting from companies that are cutting costs by eliminating jobs or relocating them to more cost friendly locals in order to increase their profit and drive up their stock price.
:thumb: IMO, non-employee shareholders taking more and more at the expense of employees isn't just part of the problem, it is the problem and the primary driving force.
Not only have most large companies grown the stock markets by converting their employee retirement programs to 401ks and IRAs they have increased the number of individuals that are dependent on the stock market. So the pressure for companies to meet forecasts has increased more than ever. This is why you'll continue to see increased cutting of expenses by moving low skilled easily replaceable jobs to areas that offer lower labor costs.