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>>> Meanwhile large corporations have increased power and influence acquire/stifle competition. Actually most large corporations tend to shrink in poor economi
by at-fates-hands 12y ago
>>> Meanwhile large corporations have increased power and influence acquire/stifle competition.
Actually most large corporations tend to shrink in poor economic times. They also tend to lay more people off, reduce spending and hiring and hunker down to weather to storm. I could post a dozen stories about company layoffs over the past 5 years. Many small and medium sized companies who have smaller workforces, will simply go under.
Target laid of 1,100 employees in January
Cargill laid off 900 employees in March of this year
Microsoft just announced it would lay off 14% of its employees in July
Intel laid off 1,500 employees in April of this year
When the economy is poor, people don't get poor and corporations get rich. It simply doesn't work like that.