Employers, both governmental and commercial, are pushing their workers to work the same hours for less money as a "last-ditch effort to avoid layoffs" for fear of an economy at risk of deflation. This occurs primarily in state and local governments, cracking under the pressure of budgets already slim after other rescue attempts such as fuloughs for workers. If this type of struggle is occuring at a govenrmental level, I can only imagine the damage to everyday workers and companies. I think any future stimulus plans should be motivated towards cities and states like those trapped attempting to avoid layoffs and at the risk of collapse. If they don't recieve some type of federal aid, I don's see how these local/state governments are going to survive as the economy continues to weaken.
Article Referenced:
Greenhouse, Steven. "More Workers Face Pay Cuts, Not Furloughs". NYTimes. New York Times. 3 August 2010. Web. 29 August 2010.
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