if you think that 4 able bodied out of 10 not working (on top of unemployment itself) because they have too much money, I have a bridge to sell.
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Apple Freezes Hiring for More Job Roles to Cut Costs
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This article notwithstanding, they aren’t being prudent. They’ve begun gouging and scrambling for every penny possible. Which cheapens the brand and is harmful long term. I know shareholders don’t care but that’s just how it’s going 🤷🏻♂️
Right ok that all makes sense. So apple is beholden to the shareholders. And if they don’t increase value then people dump the stock and value goes down.
That’s just too bad that’s the driving force now. This strategy of monetizing and squeezing is damaging the brand, which will in turn eventually decrease sales and profits no matter what they do. Everyone falls and apple isn’t infinite, I do enjoy their products but this nickel and dime-ing has soured me so that I’ve stopped recommending apple to friends and family.
Which is a big part of how people build wealth to begin with!
Also, frankly, small to even midsize private sector companies and the public sector has struggled to keep people with tech skillsets because the large companies have been ratcheting up the salaries they're offering in the recent "cheap money" boom times over the last decade.
Most of these people getting laid off from big-time tech companies will just end up taking a bit less money to work at a place that hasn't been at full roster in 5+ years because they couldn't keep up with the salary arms race.
The inflation is largely due to other geo political factors. And we have record low unemployment due to those same geo political factors. Europe has an energy Crisis and China has COVID 0 policy- the US is the best place in a bad neighborhood to do business right now. Doubt the fed will be able to kill the momentum the US has.
Aaaand you think people NOT being a productive part of the economy is a good thing?! We are rich because of stuff and services. If fewer are producing stuff or services, we are poorer.
Read your first and second statements back to back. You just made his point that the government just won’t stay out of the way.
I don’t know what work from home has anything to do with anything but I guess I understand what you mean. There is a trend happening and it’s a downward so the Uber rich can buy low and save.
Inflation is ALWAYS due to more money chasing fewer goods. Guess how that happened. Everyone likes to point to the rest of the world. As if the rest of the planet wasn’t doing the same utterly stupid thing at the same time.
If you think in terms of optimizing shareholders interest, then everything makes sense.
Employees are just one factor of production, i.e., resources, they are not the beneficiaries of the company.
Haha, that's the problem. As a country, we've lived beyond our means for years, now we have to live beneath our means. Debt is future consumption brought forward and since we overspent in the past, we now have to pay the piper. Our economy is 70% consumption, which was never sustainable. The only level of consumption that is sustainable over the long term is 50% or less.
No one can spend themselves rich. That's Keynesian fantasy.
Are you suggesting that we need to make labor participation a mandatory thing? North Korea style?
Something tells me it’s doubtful you really want to know what the masses of unemployed would suggest be done with those who think as you do.
Think French Revolution. . .
If the world continues to be pushed along its current trajectory then fancy electronics will be the last item on the proles’ priority list a year from now. I would imagine Apple can see the writing on the wall.
That means they expect a drop in revenue, which you can partly counter by not raising all your prices. next years results will be very interesting, I certainly believe that iPhone sales outside the US will drop sharply, considering the huge price increase they received. Because Apple sure as h*ll isn’t short of huge cash reserves and massive profits currently.
On the flip side, we have a nuclear war, the only way you get to experience normal life will be in the metaverse.
(Not my original thinking, I read it somewhere.)
Again, I don’t see those two as being mutually exclusive.
It makes sense for Apple to engage in stock buyback because the company is literally making more money than they know what to do with. Rather than hold on to the cash (where it earns no interest), use it to buy back shares (increasing the price), which shareholders can then sell at a higher price (hence more profit) at a time of their choosing.
To use an analogy, even in times of rising prices, I am still earning more than what I spend each month. I don’t need to tap into my savings at all. It just means I save less. If I want to be able to preserve my savings, then I either spend less or increase my salary.
It makes no difference whether Apple has 10 billion or 100 billion or even 1 trillion of spare cash in the bank. They are not going to dip into this pool to offset higher costs / lower margins, which is what people in this sub evidently expect Apple to do.
This company becomes more ridiculous from day to day, to the point that it will also end up affecting the value of the brand, as has already happened in the past, becoming something to be ashamed of instead of bragging.
After years of producing sw junk and selling questionable hardware, do you pose the problem that maybe they are doing nonsense? That they don't have a serious development plan at 5 years? Well wake up ladies!
Maybe we have a quality problem, not only in the product but also in the management and in the choices that the individual managers and the departments make in their entirety? Those who have been a customer like me for decades recognize certain trends, and they don't promise anything good at the product level, although financially impeccable but it is known that speculation is certainly not a nobility: it applies as long as there is meat to be torn from the bones.
After years of producing sw junk and selling questionable hardware, do you pose the problem that maybe they are doing nonsense? That they don't have a serious development plan at 5 years? Well wake up ladies!
Maybe we have a quality problem, not only in the product but also in the management and in the choices that the individual managers and the departments make in their entirety? Those who have been a customer like me for decades recognize certain trends, and they don't promise anything good at the product level, although financially impeccable but it is known that speculation is certainly not a nobility: it applies as long as there is meat to be torn from the bones.