this post was submitted on 17 Feb 2024
101 points (100.0% liked)

Canada

7600 readers
743 users here now

What's going on Canada?



Related Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.


πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.


πŸ’΅ Finance, Shopping, Sales


πŸ—£οΈ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 11 months ago

Companies are about to find out just how expensive it is to remove front line labour.

They don't care. The executives that made this decision already got their bonus for it. If they have to retrench, they'll simply try this again in a few years.

Corporate and stock-market incentive structures are...perverse. They incentivize very short horizons, usually a quarter or at most a year. We'd have a much less sick society if those in charge weren't allowed to realize gains for at least five to ten years.

And yes, I'm aware that communism worked on the idea of a five- or ten-year plan and it had problems with dealing with short-term supply-chain issues. Market-based solutions work great for things like warehousing, logistics or distribution because the feedback is immediate and the costs aren't externalized. Where the costs are external and long-term, but the profit in realized in the short term, market solutions fail.