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- Feb 28, 2001
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1) they will automate lower level employees out of their jobs to save costs for the purpose of boosting profits
While we are at it, that automation might well have been needed, not to BOOST profits... but to make any at all. The biggest cost driver in most businesses IS the people it takes to keep the business running. As salaries and benefits become more expensive through inflation, the incredible overhead required to make a profit skyrockets. But this is nothing new. The government and many private companies commonly sub-contract parts of their business for fixed-price or fixed-margin contracts for which the contractee assumes the cost and risk of personnel management. I've gone through 28 1/2 years and not less than 7 different companies under that model of doing business. I said "not less than 7" because I don't know whether to count a company name change and merger as one or two different employers.