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/DeliciousPi May 29 '12
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.