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Notice Verizon HQ

Discussion in 'General Chat Forum' started by jw25413, Aug 10, 2011.

  1. MadCat07

    MadCat07 New Member

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    Great post, interesting insight. It likely won't sway the "fire the ungrateful bums" crowd (which seems to be the majority opinion on here), but perhaps it provides them with a little more to consider.
     
  2. Sasquatch519

    Sasquatch519 Member

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    If the current economy is providing a sufficient* labor supply to do this job at this price, then Verizon should do exactly what it's doing. The shareholders should demand it. If in the future the economy changes such that $10/hr is not a competitive price, then they will be forced to increase their pay or their workforce will leave. This is the way the system is supposed to work.

    *note: for the guy whose law office has no phones, I'm assuming the sufficient labor supply exists due to the current high unemployment rate but simply has not been trained/hired yet. $10/hr is better than $0/hr when your family needs to eat.

    11+ years of service means nothing. If the land-line industry becomes so low-margin that Verizon decides to dump it, should they have to keep the workers in place because they feel they owe them? The workers were compensated for their work at market rates; now market rates have decreased and they don't want to accept the fact. Put another way, if Verizon has to charge $40/mo for phone service because they pay higher-than-market rate for their employees but another company can offer the same services for $20/mo because they pay their employees the market rate, which company would you choose to buy your phone service from?

    It's very easy to oursource software development overseas because the workers usually never need to physically be in one location. It's not about having tools, it's about economics. Domestic workers need to prove that they are worth their higher prices.

    These big companies are not charities. It's their duty to shareholders to drive profits, not to be nice to their tenured employees.

    On a broader note:
    Most people don't really like the fact that now, when we're all hurting, corporate profits are way up, but it's not because companies are simply being greedy. It's because the world is on the brink of financial colapse and companies are too scared to make any investments in growing their businesses, so they're hoarding cash and slashing costs.

    The way out of this mess is not another too-little-too-late stimulus, it's provide enough stability to encourage corporate investment. When companies invest all that cash they've got in growth, they'll hire people and that will be when things start to get better.
     
  3. redon1

    redon1 aka Aphioni

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    http://www.cnn.com/2011/BUSINESS/08/20/verizon.strike/index.html?hpt=us_c2

    ...
    While Verizon said the sides have agreed "on a process for moving forward," many of the dispute's key points of contention -- particularly health care costs -- remain to be settled.
    The employees have been picketing since August 6 to protest concessions that Verizon is trying to get from its employees. Those concessions include the elimination of two paid holidays, the freezing of pensions, the alignment of pay raises with job performance, and the union's contribution of $100 per employee toward health care premiums....
     
  4. momalley

    momalley New Member

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    Oh my God, America what have you become!?!?!? Is THIS what the job market is sinking to!?!?!?

    Seriously though- THAT'S a point of contention? How can you possibly argue against that?
     
  5. webeadams

    webeadams New Member

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  6. momalley

    momalley New Member

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    Boy, he's all over the place with that one. Take a breath, Ralph, make one point at a time.
     

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