Johnny Rotten

The answer really does hinge upon what kind of business it is. There are all kinds of things each sector can do besides firing people and/or lowering salaries. The OP wants the stereotypical Liberal response, I'd wager, which is to not fire anyone and therefore look like pussies.

The incompleteness of the question is my rebuttal to that argument. And the fact that it has obviously gotten around despite its incompleteness is perhaps a testament to the mindframes of its messengers. Not of deficiency, necessarily. But of selective vision.