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"Companies" aren't going to suffer. Their workers and vendors will, and the whole thing cascades.

• underlipton 1y ago
  Their workers and vendors only suffer if their owners and executives decide to pass the buck of 1) poor management (not being able to set prices adequately), and 2) being in the socioeconomic class with the most influence on the most recent election. That class has expanded their wealth ludicrously during the last 3 presidential administrations, while most Americans have suffered. Any hits they take now are completely deserved, and nobly so if accepted willingly, in order to spare those lower on the ladder even more pain. (I am, of course, not holding my breath.)
  • habinero 1y ago
    "The workers only suffer if the owners deliberately act against their own interest" is "the workers will suffer" with more words tacked on the end.
    • underlipton 1y ago
      "The workers only suffer if the owners deliberately act against their own short-term self-interest in order to secure their workforce, their industry, and, ultimately, the economy, over the long term," is the more correct characterization, and accurately portrays the behavior as misanthropic and illogical for anyone expecting to live beyond the next handful of quarters. Iwata took a paycut. The least our guys could do is take responsibility. https://www.cnbc.com/2024/02/13/nintendo-ceo-once-halved-salary-to-prevent-layoffs-why-thats-uncommon.html https://www.cnbc.com/2024/02/13/nintendo-ceo-once-halved-sal...