| ??? 03/31/07 03:49 Read: times |
#136255 - Ok Responding to: ???'s previous message |
John D. Maniraj said:
But, since the employer has been giving regular raises such that he now finds himself paying more than the market wages,is that the fault of the employee? I think the employer is responsible for this situation and he should bear the consequences. I agree that for a company to reach the point of Circuit City, bad decisions were made in the past. But a worse decision at this point would be to do nothing and to go bankrupt so that everyone could lose their jobs, competition in the retail market would be reduced, and shareholders would lose their investment. There is no upside to continuing a losing strategy and saying that Circuit City should not be able to make necessary adjustments to bad past decisions will only compound the problem. If the employer suddenly makes huge profits does he share this money with the employees?, so why then should he attempt to share his losses with the employees. Economic reality. Profits go to those that take the risk to create those profits, not to those that are receiving just compensation for their time on a regular basis. Regards, Craig Steiner |
