In recent decades, layoffs were the standard procedure for shrinking labor costs. Reducing the wages of those who remained on the job was considered demoralizing and risky: the best workers would jump to another employer. But now pay cuts, sometimes the result of downgrades in rank or shortened workweeks, are occurring more frequently than at any time since the Great Depression.
State workers in Georgia are taking home smaller paychecks. So are the tens of thousands of employees in California’s public university system. The steel company Nucor and the technology giant Hewlett-Packard have embraced the practice. So have several airlines and many small businesses.
Comments
Fri, May 24, 2013 - 09:55 AM
So your publically stating that the Herald Gazette made this statement up as noted i [...]
Thu, May 23, 2013 - 08:50 PM
A'ja - I'm so proud of you! Mrs. G.
Thu, May 23, 2013 - 07:51 PM
yes folks go to church on Saturdays, Wednesdays, Sundays and other days and I can't [...]
Thu, May 23, 2013 - 07:30 PM
Being a parent and a grandparent I have seen what drinking has done to families whet [...]
Thu, May 23, 2013 - 04:38 PM
...be careful what you wish for, OBAMA is president, and the fools are voting GAY ma [...]
Recent Stories
- Johnson, Lee lead LCCHS seniors Saturday
- Friday, May 24 2013
- Alice Colquitt Smalling
- Friday, May 24 2013
- GSC to offer soccer, other camps
- Thursday, May 23 2013
- Church to send 'Buckets of Compassion' to OK
- Thursday, May 23 2013
- The criminal element goes to court
- Thursday, May 23 2013
Archives
The answer also depends on whether the cuts are long-term or short-term. Obviously, no one would want to lay off people if business will pick up soon. On the other hand, pay cuts give business and the state the best of both worlds--employees necessary to carry out the mission and cost savings.
Why do you think the stock market is up? Labor costs are down, and in the short term, businesses will reap huge benefits from these "furloughs." For public employees, Georgia is pushing so hard that unionization may be inevitable if the Democrats can take back the legislature and change the law.
It sounds like (by the way you phrased it) that you oppose the draft. Why?
Real Americans will not stand by and have American stolen away. With that said, you are the one that needs to get real or daddy's little princess might be the one that wakes you up to reality!
PS I don't mean to sound rude. Just no other way to say it without sugarcoating.
Please give the name of the Wall Street persons destroying the country. Are you angry at the stock market? You have an equal ability to make money in the market just like anyone else. The market goes up and the market goes down. If you’re invested and the market goes down and you panic you will lose. When you’re face to face with the bear, you must stand your ground or get eaten.
Are you angry at bankers?
Thomas Jefferson said in a letter to John Taylor in 1816, "And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity in the name of funding, is but swindling futurity on a large scale."
Here we might share some common ground because I agree banking establishments are dangerous. However, an individual must expose themselves to the establishment in order to be consumed. Therefore, the responsibility would rest with an individual’s greed and to the degree of how far the individual climbs in bed with the banking establishments. On the other hand the government threw the banking establishments a bone. Banking got greedy. But because the government considered them to big to fail they used tax money to bail them out. Government awarded greed and demonstrated to them that the taxpayer would always be around to back up their greed. That is not capitalism. If they fail, they should be allowed to fail. Capitalism awards success but it also deals with failure. That is unless there is a government standing by to award the failure.
Nothing is to big to fail!
Greed can go all the way down to us poor folks being just a tad greedy too. We exceed our means to obtain what the people next door have and overextend. Of course when we fail we must endure because government won't bail us out.
Go figure?
Regards,
Louis Cone, but you know me by my middle name (Scott)
Enoc Siuol
Gary
Stupid liberals!
Raise taxes and jobs decrease because companies cut back to pay taxes. Reduce taxes and companies hire and people go to work.
Results
Tax Increases - Job loss due to increased company taxes, people take rather than contribute to the tax rolls. Tax increases actually equal less tax revenue. Government spending increases.
Tax Reduction – Companies hire that puts people to work. People leave the take column and go back to the contribute column. Tax reduction equals more tax revenue. Government spending decreases.
Yeah, this is basic math that any idiot can understand. I don’t know where democrats study economics but every one of them should have flunked the course. I guess that means they haven’t attained the level of idiot yet! What do you call something lower than idiot?
Employers won't come here if the roads aren't paved, the people cannot read, and there is no police or fire protection. Citizens have pay for basic government if they want prosperity.
Presidential candidate Ross Perot correctly stated in 1992 a "giant sucking sound" would emanate from the numbers of jobs heading to Mexico after NAFTA became law in 1994. Some jobs did go to Mexico, but, the LOUDEST sound heard was the Mexican illegals stampeding across the border into the United States to partake in our way of life.
No Republican OR Democrat Congress has ever secured our borders.
A 'whirling dervish' with the spout formed inside the White House is steadily huffing and sucking our tax money to pour into the coffers of our Washington politicians. An even larger sound is made when that same money is blown away by our power hungry politicians via reckless and irresponsible income redistribution.
The huge mass of hot air arising from Congress and the White House provides the lift needed for our payload of money to achieve orbit.
Pilots Obama, Reid and Pelosi enjoy a grand view for them to seek out, take aim and shoot our money back as cash laden missiles heading for the bullseye of their many Socialist targets. BOOM..a Billion here..BOOM..a Billion there..BOOOM.. A Trillion...DIRECT HITS! Gimme da' money!
Ross Perot shared with us this Fairy Tale. What a dreamer.
'The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.'
Love that Lil' Texan!
Call N. Alcars
I do not think this recession began because of too much government spending. If that is the case, since it began under George W. Bush, you would have to blame him. (Remember stimulus package #1 right before the election?) I seem to recall as well that George W. Bush did not send any balanced budgets to Congress.
Here's some history: the last time the budget was close to balanced was under Bill Clinton. I am not a big fan of his, but that's just a fact.
Instead of calling each other idiots, it would be nice if we could think through complex issues and propose workable solutions. Simplistic Limbaugh logic will not bring employers to Georgia or anywhere else. Employers will go where they can make the most profit, and in order to do that, they need roads, schools, educated employees, workable water and sewer systems, and bridges that do not flood every time it rains.
So far, the Republicans have not brought any of that to Georgia. Sure, taxes are low here, but creating prosperity is more complex than low taxes.
By the way, haven't you noticed the property tax increase this year under the Republican governor and legislature?
any help?
Companies also have much yet to learn in order to survive in the future. It’s not just all about the bottom line, but also to have the resilience to continue to stay alive in the market place. Companies must return to, investing in their employees and to win back the employee’s loyalty. Yes, for companies it continues to be, quicker, cheaper, better, and to do so without practicing an ideology of the disposable employee. In their effort to become lean and mean they have sacrificed their most experienced resource, while in the process becoming increasingly dysfunctional.
Yes, the American dream continues to exist, but only for those who can demonstrate a financial discipline required to make it come true.
I agree with your comments and have used the same principles as guideposts in my own life.
With a renewal of friendship with that fine fellow, Gary, it appears some of his idealism has rubbed off on you. Keep it up! Listen to him!
This is your first step down that Conservative Highway. Just don't get into the shiny limo when chauffeur "Hoke" obama pulls along side you and tells you, "step in Scott, I'll give you a ride." mmm..mmm..mmm
"Hoke" kicked Miss Daisy out a while back with the rest of the ol' folks.
I am sure that "Hoke's" 2009 Liberal Limo will be recalled soon after it runs out of gas. Keep that hitchhikin' thumb out because you never know when a Conservative driver will be along to give you a lift and take you in the RIGHT direction. yes suh!
Call N. Alcars
If the government was to have taken less than 10% of what has been spent over the last 10 years and invested it into health care reform, another 5% into alternative fuel research the USA would now be energy independent, with much cleaner environment and the best health care system known to modern man.
Most all liberals I have known are fiscal conservative but social progressives and see where the tax dollar is really going. They know who and where the real threat is to the American people.