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President Biden said companies must cut costs in the State of the Union Address. That typical means cutting wages and/pr laying people off.
Big raises may be coming back down to earth
Posted from cnbc.com
Compensation
Employment
Office of the President (POTUS)
Policy
Jobs
Posted 2 y ago
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The "Law of Unintended Consequences" cannot be ignored, only to societies' detriment: https://www.econlib.org/library/Enc/UnintendedConsequences.html
Unintended Consequences - Econlib
The law of unintended consequences, often cited but rarely defined, is that actions of people—and especially of government—always have effects that are unanticipated or unintended. Economists and other social scientists have heeded its power for centuries; for just as long, politicians and popular opinion have largely ignored it. The concept of unintended consequences is one […]
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SFC (Join to see)
Interesting factual article sir. Thank you. It's been my experience we get Unintended Consequencesusually from people making decisions and taking actions who aren't qualified to make those decisions. In the case of wages and economics in President's Biden's Administration, they are pursuing the enactment of Green Policies to the exclusion of everything else; in other words, President Biden knows the consequences of his Green Actions and chooses to implement them anyway.
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Cut costs, rofl. Joe knows it all. We do HVAC, material costs are up over 30% the past year, some things over 200%, Massive supply chain shortages forcing you to overpay to get things. Payroll rates are up about 30%, but I need to cut costs eh. Clueless be he, as Yoda would say.
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SFC (Join to see)
Yoda is a wise being, not like Biden and Harris is he!
Seriously these Progressives have to really hate our Country to do what they have, besides screwing our economy: defunding the police, bailing out criminals and letting them out of jail when they are still a threat, drugs flowing across our border that killed over 100K of our people last year... I can go on but it's too painful.
Seriously these Progressives have to really hate our Country to do what they have, besides screwing our economy: defunding the police, bailing out criminals and letting them out of jail when they are still a threat, drugs flowing across our border that killed over 100K of our people last year... I can go on but it's too painful.
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That is usually the only thing they actually control, I know we don't have any say in the cost of Ore for our smelter, raw materials are at the mercy of the market and everything cost more these days.
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SFC (Join to see)
Raw materials are also at the mercy of the countries HRC and others gave the mineral rights to.
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