Read that again. “Paying employees is the top risk to the economy.”
That shouldn’t really be surprising to anyone though. Employees are a huge expense.
If my rent goes up, or the cost of groceries keeps going up, that’s a huge risk to my financials as well. Yet no one expects me to just roll over and take it, I’ll look for a new place with lower rent, even it if means downsizing, and I’ll look for lower priced food items or even cut specific foods from my shopping list. And this is while I keep on spending my disposable income/entertainment budget, and putting money into my RRSP/TFSA, and keeping money in a savings account in case of an emergency. Just because I have reserves doesn’t mean I want to pay more for rent or food.
Companies are no different. Can you explain to me how it makes good financial sense when I do it, but when a company does it people freak out (even though they have no valid alternatives)?
That shouldn’t really be surprising to anyone though. Employees are a huge expense.
If my rent goes up, or the cost of groceries keeps going up, that’s a huge risk to my financials as well. Yet no one expects me to just roll over and take it, I’ll look for a new place with lower rent, even it if means downsizing, and I’ll look for lower priced food items or even cut specific foods from my shopping list. And this is while I keep on spending my disposable income/entertainment budget, and putting money into my RRSP/TFSA, and keeping money in a savings account in case of an emergency. Just because I have reserves doesn’t mean I want to pay more for rent or food.
Companies are no different. Can you explain to me how it makes good financial sense when I do it, but when a company does it people freak out (even though they have no valid alternatives)?