Companies now putting it to their workers

I took the liberty to rename and move the last 21 posts that was under a Burger headline. Please go ahead here instead.

The problem is the current administration and the democrats are ANTI-BUSINESS. When you own a company and you are sitting there wondering, how much additional is the healthcare going to cost me PER employee. And here it is a year later and you have to hire a fulltime accountant just to figure out what additional money you owe. It doesn't make for a hiring environment. As well as all of the extra nonsense the EPA is doing. Businesses will hire when they feel SECURE in hiring people. But with the democrats passing bills that the general public that they are working for does not want, greatly increasing costs of doing business in a recession with no end in sight, as well as how all of this "quantitative easing" is going to create a lot of inflation, they're simply AFRAID to hire more people. Business costs are going up in every category, employee taxes, property taxes, insurance costs, raw materials prices, fuel costs, electricity costs, government taxes etc. Money has to pay that. Until the government stops spending like a teenager with their first credit card, and increasing taxes to make up for it, businesses can't afford to hire. Look at the gasoline/diesel prices alone. Everything you buy was delivered in a tractor trailer and when diesel is up 20% and a tractor trailer gets 7 mpg, all of that cost must be passed onto the consumer. You have to look at the entire picture, not that they're just sitting on cash (which may already be accounted for). When do individuals sit on cash. when do you sit on cash NYCAP? Easy, when you're unsure of what the future brings, when you don't feel secure enough to invest it, and when you don't feel comfortable spending it because of the economy. Why should a business be any different than the individual running it?

Inflation is here and at least 10%. Look at the price of gasoline, grocery store prices, electricity, insurance (car/homeowners), water, clothing, etc. Can anyone here in the US say any of that is lower this year then last year?

Companies

I thought the banks paid back most of the "stimulus" with interest, I remember the POTUS being very happy to announce the Gov. had actually made a profit on most of those deals.

As long as we have the Government wanting to make the citizens "wards of the State" we will always have the current issues...

If we had a better educated population who understood capitalism and were better consumers then these issues would self correct...however, some believe that a partially educated populace is better, then we can have the great collective and the Government will decide whats best...

I am not espousing support for the "opposition" only support for the populace who through Government controls have become too Dependant on the so called expertise of politicians, just look at the debt of California to name only one and then the debt of the Country, any business that ran like that would have been long gone, NY Cap believes that business owes employees some special deal...no Sir...just go to the grocery store when some employee union group is on strike and watch were they shop...the non union stores...money talks BS walks...you are guaranteed nothing when you pop out except death and taxes, if your smart you will gain some good things during that time, I have yet to see wealth being multiplied by dividing it.

My country (USA) sold me out to frivolous lawsuits and over-regulation ... I employ 60 people and now pay as much for frivolous lawsuits as I pay for rent and utilities for the entire staff. (over $400,000 per year).

What am I doing in return.

I will hire as many jobs as I can overseas until our politicians and the voters realize that the over-regulation, big government and frivolous lawsuits are killing small business.

This year, I terminated a receptionist who was earning $55k plus benefits and had worked for the company for 13 years, a Human Resources pro who was earning $75k plus benefits and several middle managers who were earning $100k plus benefits. This gave me a portion of the money that I need to pay out on the frivolous lawsuits.

The problem is a "strict liability statute" ... it's like raw meat to a shark ... lawyers can sue for 40 counts ... if they win on one, the judge awards ALL of their attorney fees (at $400+ per hour) that it cost the plaintiff to bring the suit even though 39 of the counts were proven incorrect! The result, a lawyer asks me for $5000 and I write the check. Where do I get it ... you betcha ... by terminating U.S. workers and hiring overseas for 1/3 the price.

I have been in business since I was 11 years old ... started the current business at age 19. I have never felt so persecuted by my own loser government.

Please Michelle Bachman and Tea Party ... save our poor country. It's being run into the ground by the current Politicians, Big Business and Lawyers!!

ps. I also eliminated our 401K retirement matching (was 50% of the first 6%) and cut our health care benefit in half. My educated guess is that 90% of my staff voted for the current administration:-(

Mike

Unless the business can make a profit, there's no reason for it to keep the doors open. Considering how many of the nation's corporations are small businesses, and how often it's the boss with the double and triple mortgage, sweating out the slow times, the last one to take a paycheck and putting the kids' lives in hock to keep the lights on... it's only fair that when things turn around, he be able to pay his bills too.

Don't you think that's fair?

A CFO of a major multinational corporation said to me a few years ago, "We're no longer in the business of building and selling [our product]. We're a pensions and benefits company that builds and sells [our product] just to minimize losses on our legacy costs."

This is the case for much of our remaining manufacturing base. Henry Ford's aphorism is as dead and buried as he is.


Think about this one... when the worker decides to quit, the boss might have to hire another. When the boss quits, how will all the workers hire another?

Or, more succinctly, the world doesn't owe you anything... the world was here first.

That's about as fair as it gets. I've been on the management side of a dying union business. Labor seldom shows mercy for management, as you've well demonstrated in this thread. So where's the fairness among the "shut 'em down!" crowd? We lost nearly a million dollars a year for several years while the banks decided whether or not to work with us on reorganizing. We had three firm commitments if we could get 3 holidays back from the Teamsters, and return to a 40 hour week, along with getting 3 days vacation and 3 sick days back and Saturday straight time if you didn't work 40 hours during the week. The teamsters went on strike, told every worker we were liars, and that they'd be back to work by noon the first day of the strike. 8 months later, when they gave up striking after all our equipment had been sold off, only ONE SINGLE TEAMSTER WORKER got another union job.

The unions have done everything possible to make this nation uncompetitive, then they act shocked when businesses fail and can't fulfill the promises they made generations ago.

The thugs of organized labor are not where the future of job security lies. They are the dinosaurs, the ancient history, they are the anchor dragging us down. The workers have been sold a false bill of goods by their representatives at least as much as by any management.

The UAW has threatened to organize the factories of Honda, Toyota, and Nissan here, as well as BMW. Honda and Toyota have responded by saying it will be cheaper for them to halt on-shore manufacturing and knock the factories down.

"Uncle Sam always gets his."

This is something we were taught years ago, and it's still true today. Problem is, how much more is his? When do we say enough is enough, there has to be some left for us?

I paid out more in fees to shoot footage on public lands than I ended up being able to pay myself last year. All the commercial use fees went up, some as little as 80%, and in some locations, almost 800%. My clients have all seen their revenues decrease, and in turn mine have followed suit. Nobody is immune. 20 years ago, my family had over 500 employees. Today, my brother has 11 part timers and I have just me.

It's not because we hate the workers, it's because we have to eat too.

The whole point of owning/operating a business is to make money or a profit. Shareholders are looking for a return also. If a business needs employees, it will hire them. It makes no sense to hire new employees to have them stand around. I cannot remember going into a business lately, that it was so busy the employees couldn't keep up with the demand.

Which one?

"Well-managed business pays high wages and sells at low prices. Its workmen have the leisure to enjoy life and the wherewithal with which to finance that enjoyment."

"We believe in making 20,000 men prosperous and contented rather than follow the plan of making a few slave drivers in our establishment multi-millionaires,"

The one previously quoted in the thread, obviously:

I'm not in the business of non sequiturs, as you demonstrate yourself to be.

"I'm not in the business of non sequiturs, as you demonstrate yourself to be."

Hah! My quote can kick your quote's ass any day!

I stand by my H. Ford quote and raise yours twenty bucks!