Re: [Pen-l] lump of labor

[raghu <mraghu01@xxxxxxxxx>]

On Mon, Jun 22, 2009 at 7:27 PM, Marv Gandall <marvgandall@xxxxxxxxxxxx> wrote:

Raghu writes:

I think a reduction in working hours even with reduced pay is better.
Layoffs are highly traumatic to say nothing of the economic
consequences.

=========================================
The problem, of course, is that the employers use the threat of layoffs to
wring concessions out of the workforce - including cuts in weekly paid
hours -without the workers or their organizations being able to confirm that
the threat is real, exaggerated, or fabricated. Employers will not typically
open their books.

I think we should be a little pragmatic in the short term about this. Whether or not employers open their books, (of course employers that are doing badly, will gladly open their books and the ones who are ok won't) it is still a fact that a large number of businesses really are doing badly and simply cannot afford their current payrolls. Given that reality, reduced working hours with lower pay is much more preferable to layoffs.
-raghu.


--
"I like to reminisce with people I don't know." - Steven Wright




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