I heard something today that seemed to be indicitave of the fundamental change that has occured over the past 40 years or so in American business. A company was referring to it's employees as "Human Capital". The view that employees are simply resouces to be used and discarded, whatever will earn the most profit, seems to be prevalent today. 40 years ago I do not believe that this was the case. Today you have CEO's making 20 or 30 million dollars a year who will proceed to lay off 1,000 workers to save money. Walmart is trying to eliminate as many full time workers as they can and replace them with part time workers so that they won't have to provide any benefits.. and so they can make more money.
Is this simply the future of business or have we gone astray in valuing the almighty dollar ahead of real people?
2006-12-15 02:45:54 · 4 answers · asked by Louis G 6 in Business & Finance ➔ Other - Business & Finance
You commentary hit the nail right on the head. There is no longer any loyalty to the people who worked hard to make the company what it is. If they could save a few bucks, you are out the door, and your former job is outsourced..
2006-12-15 02:57:59 · answer #1 · answered by WC 7 · 1⤊ 1⤋
In business terms, company employees are considered "human capital". That doesnt mean anything derogatory because employees still need to be treated with respect, rewarded for their hard work and appreciated. Just a broad based term for them.
But to answer you main question...corporate America went astray decades ago when it became all about the bottom line and not about the people who bust their butts daily to keep the company operational.
2006-12-15 02:54:40 · answer #2 · answered by â¤??? ?å???? 4 · 1⤊ 0⤋
Not really new, this is the return of the roaring 20's before unions took hold and children worked on the assembly line.
Except this time the robber barons have a new might force on their side, Christ!
Christ will personally forgive them for anything they do because, the Christ they talk to ALWAYS shares the same values they do whether it is invading a country to line their pockets with the spoils of war, or outsourcing american jobs so they can increase their own salary.
Have you no shame sir? Why no I found Christ.
2006-12-15 02:52:48 · answer #3 · answered by Wyleeguy 3 · 0⤊ 1⤋
the human beings in charge for this mess are own loan lenders, grasping CEOs working their companies to the floor and compensating their pay with "little" presents from the government, and those in charge in rejecting loans that they knew could not be paid off. i might say those 3 communities have contributed to this huge scare and sent this financial equipment in a wild tailspin the 1st commenter by the way is whack
2016-12-30 11:34:37 · answer #4 · answered by ludwig 3 · 0⤊ 0⤋