quote:
Originally posted by Lockes no 1 fan:
quote:
Originally posted by bozzimacoo:
don't forget high interest rates
mmmm was that 15% or 16%
sorry lockie, that was refering to jennys post:
I don't know if you are talking to me, but people are employed in order to help the finances of the company they work for. Now, whether that company is a government department, or county council department, or Woolworth's, or Curry's doesn't make any real difference.
If the company is earning less money than it pays out, it cannot act as if it is a charity and keep people on because they will not be "glib" about letting them go. If they don't have enough money to pay all the people, then some people will have to go, in order for the company to stay in the black, and not collapse.
Now, the hundred-year-old Woolworth's was not in this position. It had to let EVERYBODY go because it just did not have the money to recover. Other companies are letting SOME people go, in order to try and recover.
If companies keep people on just because they feel sorry for them and detest the stigma their employees will feel if they go on the dole, the companies will collapse completely, like Woolworth's.
This country is heading for bankruptcy, like Woolworth's. If it does not save money, it will become bankrupt. And if it becomes bankrupt, it will not have the money to fund the dole queues, or the NHS, or education. Everything will have to be paid for privately, like it was before the development of our magnificent welfare state in the 1940s.
It will become like some of those former Eastern Bloc countries, like Bulgaria or Romania. No pavements, bad roads, a shoddy health service, low wages, bad housing, because there will just not be the money to pay for it all which we take for granted today.