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Know why layoffs have slowed down? No, not because of Obama stimulus plan

 
Anonymous Coward
User ID: 1060248
Italy
08/07/2010 07:52 PM
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Know why layoffs have slowed down? No, not because of Obama stimulus plan
Because instead of firing people... businesses are saying to employees that if they want to keep their job, they have to take a cut in salary and/or of their benefits.

Most of them take it because they know the job market is so bad, they won't find another job.


It's not because of Obama's stimulus nor ``recovery``.
Rhian
User ID: 875736
United States
08/07/2010 07:54 PM
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Re: Know why layoffs have slowed down? No, not because of Obama stimulus plan
It's because the target population is already 'laid off'
and been replaced with foreign workers with Hb1 visas.
Anonymous Coward (OP)
User ID: 1060248
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08/07/2010 07:55 PM
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Re: Know why layoffs have slowed down? No, not because of Obama stimulus plan
Here's BERNANKE and it's recovery ...

[link to uploadnow.org]

He's in big trouble.
Anonymous Coward
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08/07/2010 07:59 PM
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Re: Know why layoffs have slowed down? No, not because of Obama stimulus plan
Well for me and my own experience this is true. My employer has not issued raises for two years and some of the higher echelon employees took a pay cut. We have lost two employees who quit for better pay, and rather than refill those positions they have redistributed the tasks of those jobs to the already over worked staff that remains.

Bonus checks were still issued during the last two years to officers of the company though.


redface
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08/07/2010 08:00 PM
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Re: Know why layoffs have slowed down? No, not because of Obama stimulus plan
It's because the target population is already 'laid off'
and been replaced with foreign workers with Hb1 visas.
 Quoting: Rhian 875736

Or even better exporting the jobs to countries without as much regulation and much lower wages.





GLP