"Higher Productivity" is really just a scam..

Lou Dobbs just reported that 3 companies announced that they were "leaving"..and laying off another 1300 people...despite high productivity..

I gathered from his inferrence that it was in the state where Bush gave another boring speech today (He was on in the background)..

Boss says to employees:..

"Look, you guys have to work harder or I'll have to sell the company and then you will have NO jobs".. Boss lays off a lot of the workforce, and the ones who remain, are so eternally grateful, that they would work overtime for free, come in early..stay late..whatever it takes ..they are just so glad to not be laid off..

Boss takes advantage of them, makes tons of money, because everyone is too afraid to ask for raises, or to complain if their pay is short..

The company "looks" very profitable, and stock values go waaaay up.. Boss cashes in HIS stock, then announces that the company is "moving"..

See ya later chumps.... Now the boss can lounge around the pool, take occasional trips abroad for plant inspections (the deductible part of his "vacations abroad").."New" workers cost 1/20th of what he paid the "old" employees.. He's a happy camper..

That's the Bush business model..

when you lay off workers, and make the other pick up the slack ...

Its a measure of corporate greed ...

but you see these executives on television talking like it's something THEY'vE accomplished through their efforts.

WalMart has much higher productivity than our Dogstuff business, but that would be because we pay a living wage and because we pay overtime!

I want a bumpersticker that says:

Create jobs.
Lower your productivity.

I say we stage a massive slowdown.

http://www.wgoeshome.com

bankers who lend money to takeover artists to buy reasonably profitable companies.Because these takeover guys assume a large debt,
debt service ( interest and principal) costs a lot of money before
any product is sold. Either the new guy has to raise prices or his profit margins get squeezed tight.He then cuts his labor force and chants high productivity as the mantra that will get him out of his idiotic fix. I know of more than ten good solid companies that have been run to the ground by these scam artists from investment banks.
They skim the money up front when they put together the deal and leave the empty carcasses to the workers and the entrepreneur naive enough to think these vultures would leave any meat for them.


P.T.Barnum was right about a sucker born every minute and the investment banks know it.There is an endless supply of these suckers
with stars in their eyes and they repeat the slogans of these investment banks because, like the right wing nuts and Bush, they are beholden to the investment banks.

1. Friend of mine went to check into the hotel he was staying at. No people. He puts his credit card into a slot and out pops the key.

2. I took a trip on United Airlines yesterday. Went to check in my back. Can't talk to a person. Have to talk to a machine or walk another block or two. Put in credit card and out comes boarding pass, receipt and thing for bag. When getting on plane only one person taking boarding passes - computer machine gobbles pass and returns stub.

3. Try getting a real person on the phone anymore. Either it's a 30 minute wait or you have to push a million buttons to not get where you want to go.

There's you're productivity.

They cut American jobs, ship them over seas, run the billion-dallor corporations into the ground, open the companies up the lawsuits and government sanctions - yet they still get huge bonuses & stock options.

money and run now; there is no need to do the heavy lifting needed
to produce a product or service at competitive prices.The investment banks collude with the CEO and the board of directors to strip the equity out of the corporation and leave the empty carcass behind.
Result: a company loaded with debt and no way to make a profit.
The pathetic new CEO flails about trying to find a way to survive.When he can't do it, he leaves for China or India or wherever.
True to form our idiotic Business Press or TV talking heads, examine the role of labor costs and productivity in the decline of the corporation but rarely ever tackle the more important issue of the role of investment banks in stripping the equity of corporations.

The manufacturing sector is churning out products! The unemployment numbers are down! The economy is chugging along just fine!

I don't believe any statistics at all anymore. If companies would stop laying off people by the thousands, then maybe I would start to think the worst was behind us. Of course, it could only mean everyone had been laid off already, so there are no more jobs to search for.