4 ms·
Unfortunately most businesses operate to enhance shareholder value, not the broader social good. It's a sad day when people loose jobs, especially in a a callus
by peternicky 9y ago
Unfortunately most businesses operate to enhance shareholder value, not the broader social good. It's a sad day when people loose jobs, especially in a a callus manner described by the post, however, it is silly when these workers are surprised by this. It is simply a progression of their local economy.
- TheAdamAndChe 9y agoThis behavior is exactly why protectionism is on the rise in America. The economy has "improved" massively, yet few are reaping the benefits and most Americans are seeing a decline in quality of life. Protectionism would lower the labor pool available to companies, meaning workers would have more leverage and better pay, but at the expense of corporate profits. Lots of economists say that protectionism is a net negative to our country, but I think they may have failed to consider the effects of capital concentration causing only a few cities and states in the country to actually benefit from globalization.
- fellellor 9y agoAlmost all of India's big IT shops make most of their money in the western economies. So it is the global economy that has progressed while the sector chiefs and the media patted themselves on the back, calling India an "IT Superpower".