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Stock Tip: Be Worried. Workers Are Consumers.

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 :: Unemployment Discussion :: The World Economy

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Stock Tip: Be Worried. Workers Are Consumers. Empty Stock Tip: Be Worried. Workers Are Consumers.

Post by Guest Sat Aug 20, 2011 9:20 am

Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they're shooting themselves in the feet. Where do they expect demand for their products and services to come from?

They're doing the reverse of what Henry Ford did back in 1914 -- paying his workers three times what the typical factory employee earned at the time. The Wall Street Journal called his action "an economic crime" but Ford knew it was a cunning business move. With higher wages, his workers became his customers, snapping up Model-Ts and generating huge profits.

Many on Wall Street are scratching their heads, trying to understand why the stock market is plummeting. After all, they tell themselves, corporate earnings are still near record highs.
http://www.huffingtonpost.com/robert-reich/stock-tip-be-worried-work_b_931991.html

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Post by mistermunster Sat Aug 20, 2011 1:55 pm

We the CONSUMING PUBLIC are the REAL wealth but the FOOLS on WALL Street don't get it. They have put paper OVER people as a priority without realizing that to MAKE paper they NEED people. We spend they make profit but they have made it to where CUTTING people MAKES PROFIT. That only goes so far as they are NOW learning.
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Post by TR11005 Sat Aug 20, 2011 2:51 pm

Robert Reich wrote another must read article. It is consumers (workers) that create jobs, When you stagnate wages with large unemployment and many workers in debt. You have killed the Golden Goose.

Chinese workers can't afford to buy cars and appliances made there.

Put money into workers and unemployed hands then you will have growth. The rich will only create jobs when there is demand, not because they cut taxes!

CEOs income must be cut to face reality. If their business fails they will have nothing! Don't come crying to the unemployed.

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