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Human Supremacist Institute

I'm saying that people moving jobs more is good for the economy but higher retention is good for currently dominant firms.

24 Jul 2024
Dave Zweifler

I am arguing that workers being laid off is bad for workers but, many times, is good for management as it can achieve short-term profitability improvements.

If this is the part of my statement, above, which you believe is "horseshit" (and, perhaps, you might want to be a little more polite if you wish to engage in good-faith discussions) I could point you to dozens of market-leading companies that have recently laid off tens of thousands of workers and then blown away their Wall Street estimates. This has resulted in share-price improvements for their firms... and, accordingly, resulted in additional bonuses for management.

Given a climate that rewards management at the best firms for layoffs, I felt like it might have been a bit tone-deaf to position a retention tool as a "bad outcome" (modest or otherwise).

Too much retention doesn't seem to be a problem for Anglo-American businesses at the moment. Quite the contrary.

24 Jul 2024
Human Supremacist Institute

I even mentioned that higher retention would be better for the individual employees but not for the economy in general. Besides in the 2010s there were claims that the tech companies especially Google were so bloated that they were sucking up the talent of the country.

24 Jul 2024

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