Quote:You'd feel better if the profits had not doubled Or if the profits had doubled due to much lower wages?

 

You need to look at the big picture.  Contrary to the liberal view of companies, profits aren't everything.  Profit margin is.

 

Yes they reported that profits are up, but why?  Could it be because the owner of the company sold all of his stocks, took out mortgages on two houses and cashed in any retirement savings that he had (very bad idea), then put it back into the company?  Could it be because he invested all of that money into the company, therefor they don't have the overhead that they normally would have had?  Is that the reason that profits supposedly "doubled"?

 

If the company is doing so well, he shouldn't have had to do that.  He basically is committing "financial suicide" in order to try to make a point.  The company is going to eventually fold, and those employees that are now enjoying their $70,000 salary are going to find themselves looking for employment... and they will be disappointed when they find out that whatever "skill" they have is not worth what they think it is.

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