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You are correct and I have considered this because in general I, too, dislike the trend of profits being focused on ever fewer owners. However, what is the bet
by fxtentacle 3y ago
You are correct and I have considered this because in general I, too, dislike the trend of profits being focused on ever fewer owners.
However, what is the better option here?
A. I digitise their primitive tasks like paper forms and a few low-paid employees get fired but the company overall remains competitive and most employees retain their jobs.
B. They get crushed by foreign competition because they are too slow and too inflexible to justify the higher prices. The company goes belly up and everyone loses their job. And/or parts of the company get outsourced to China to reduce costs.
My conclusion is that sacrificing a few office workers to keep the technology research and manufacturing in the west is, yes, cruel, but still better than the alternative.