what’s wrong with american business

random thoughts

“American corporations, which are richer and more profitable than they have ever been in history, have become so obsessed with “maximizing short-term profits” that they are no longer investing in their future, their people, and the country. So their employees aren’t regarded as people who are members of a team. Rather, they are regarded as “costs.”

And “costs,” as we all know, are supposed to be reduced as much as is humanly possible (except the “costs” of the salaries of senior management and investors–those are supposed to be increased). Unfortunately, that is destroying America’s middle class, robbing American consumers (a.k.a., “employees”) of spending power, and, ironically, hurting the growth of the same corporations that are making this choice.”

Henry Blodget CEO and Editor, Business Insider

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