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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by pan6467
This just occurred to me also..... speaking on drive and pay in another wage type thread (where this question is alo posted).......
If the CEO decides to cut jobs in the US and move production (to say) Indonesia, knowing that they cannot make widgets as good as the workers here but those workers will do so for far less thus drivng up the profit (even if sales go down)..... is that truly a CEO with drive or is that a CEO just abusing the system and showing no ingenuity or drive to truly better profit through new ideas and better product????????
So yes he drove up profits but destroyed the social fabric of a whole community.... does this man deserve millions in bonuses and pay?
He truly didn't strive to better anything..... except his own finances.
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actually, he increases the social fabric and community of another location. If you look at the local economies of the growing outsourced places, Indonesia, Malaysia, China, India, the people taking these jobs are increasing their lifestyles. The middle class is growing in both those countries.
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