So with no middle class, how do the companies expect to survive?

Discussion in 'Politics, Religion, Social Issues' started by thermodynamic, Oct 31, 2016.

  1. thermodynamic Suspended


    May 3, 2009

    More corporate welfare? Or do they think workers never contribute to the economy as customers or customers make money with DIY printing presses at home?

    In other words, supply side economics relies on magical thinking and is unsustainable. Or, to use hip millennial lingo, is "a fail".
  2. NT1440 macrumors G4


    May 18, 2008
    Hartford, CT
    Seeing most CEO's these days were simply installed and never had anything to do with the company they're heading (counter to the trend up until the 80's of the CEO being someone with 20+ years in the same company) there is no focus on keeping the company alive.

    Rather, it's all about daily stock price and quarterly results, because those drive executive salaries and shareholder dividends. These people don't give a **** about their companies or their employees who will go down with them, they get to sail off into the sunset with tens of millions of dollars for being the guy at the head of the table.
  3. ActionableMango macrumors G3


    Sep 21, 2010
    It seems you are bring up two separate issues, offshoring labor and corporate welfare.

    For offshoring, there aren't any easy answers for what a company should do. For example if you keep all of your manufacturing in the USA and pay awesome wages, you cannot compete with other companies because shoppers will buy the cheaper Chinese goods. Yes, there are rare exceptions, but their rareness proves the rule. If your company lobbies the government to incentivize/force all other companies to do as you do so you can compete without offshoring (via tariffs, bans, etc), then you have protectionism, trade wars, and a crippled world economy.

    For corporate welfare, I pretty much agree with you. This is a result of lobbying, the corporate/government revolving door. Blame also goes to the voters. We reward politicians for bringing home the bacon instead of punishing them for pork barrel spending, two sides of the same coin.

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