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La-Z-Boy plant: 630 Utah workers to lose jobs in summer
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Written over a decade ago it explains how the CEO's exploit people, dump them, and get even more rich.
Here is a recent example for you: NAFTA has allowed one of my clients to continue manufacturing its labor-intensive products in the United States instead of relocating its manufacturing operations to low cost centers in Asia. Subject to demand constraints and fierce global competition, my client faces extraordinarily slim profit margins. My client sells most of its products to Canada. Payment of duty into Canada negates all my client's profits. Through changing suppliers of certain key components, my client now qualifies for NAFTA, sells products to Canada duty-free, and earns a positive profit. My client's manufacturing operatings remain in the United States, and over 4,000 people in the Midwest and South have been able to save their jobs from being outsourced to Asia.
This country is based on capitalism.
This is what happens when the capital becomes out of whack with CEO's getting richer from the downfall or downsizing of the little people.
Certainly you people must understand the Beehive symbol?
Beekeepers + the lowly bees = capitalism
What do you want? Socialism?
But I guess it's okay if those doing the throwing are Kings, Rulers, Presidents, Magistrates ... and CEO's.
What will the rich people do if they have to cut coupons?
Just look at what they had to do.
Axed 630 lowly workers.
What would YOU do if you were them?
Scale down your lifestyle?
Put off buying that Swiss chalet?
Be satisfied with the number of $1,000 suits you have?
Poor, poor La-Z-Boy CEO's.
And get ready for more and more of the same thing.
If you don't like it - you must be an anti-capitalist.
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so sorry to hear this terrible news..much sincer condolences to the her family.
Time for him to go. PAST time for him to go.
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