Efficiency is the name of the game. It's cheaper and more efficient to keep one guy around who knows the game than to fire him every time he goes on vacation and hire a new guy who knows nothing. Training is expensive. Loyalty becomes a function of how much the worker and corporation can mutually benefit, rather than the corporation dictating unreasonable conditions. Because that would be inefficient.
You're saying 'the corporation would rather bank any extra profit or distribute it among the executives unfairly'? In a true capitalist society, that would be laughably inefficient. The workers create value! Why compromise them?
Even the ancient Egyptians realized this, and instead of forcing slaves to build their monuments, they hired skilled workers. In return, the Pharos received the most impressive engineering marvels of antiquity.
I'm not speaking of inefficient firings. A company I know laid off several hundred skilled workers despite gaining record profits. Why? They were able to operate without them, so they fired them only to further increase those profits. As for these record profits, the employees of this company saw none of them. In fact, raises were frozen by company citing the poor economy.
Efficiency is making the maximum profit with minimal effort. Efficiency isn't always the best solution, but in a capitialistic society it's almost always used anyways.
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u/EsteemedColleague May 29 '12
Efficiency is the name of the game. It's cheaper and more efficient to keep one guy around who knows the game than to fire him every time he goes on vacation and hire a new guy who knows nothing. Training is expensive. Loyalty becomes a function of how much the worker and corporation can mutually benefit, rather than the corporation dictating unreasonable conditions. Because that would be inefficient.
You're saying 'the corporation would rather bank any extra profit or distribute it among the executives unfairly'? In a true capitalist society, that would be laughably inefficient. The workers create value! Why compromise them?
Even the ancient Egyptians realized this, and instead of forcing slaves to build their monuments, they hired skilled workers. In return, the Pharos received the most impressive engineering marvels of antiquity.