On Mon, Jun 22, 2009 at 7:27 PM, Marv Gandall <[email protected]>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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