One Of America's Largest Big Businesses
Big business is defined in the Merriam Webster Dictionary as “an economic group consisting of large profit-making corporations especially with regards to their influence on social or political policy.” A few of America’s largest big businesses are Scott
Paper, IBM, Caterpillar, Van Heusen, and Staley; all of which chose to downsize to create profit. The goal of big business is to create growth and profit through efficiency.
Big businesses survive through layoffs and downsizing of the “excess fat” from employees when necessary. They outsource jobs to other countries to increase profit and sales and allowing the company growth. Big businesses have the right to layoff middle class workers if the business is not making a profit.
CEOs
sometimes have to lay off long-term employees and close warehouses in order to cut their losses and remain strong. The world is constantly changing and big business must change and adapt along with it. If they continue to run their business as in the past, the business takes the risk of going under. A bankrupt company is no good to any workers, but a downsized company can retain some of its employees. Van
Heusen shut down three of their plants one of which was in Clayton, Alabama. Bruce
Clatsky, President of the company said, "My responsibility is to the majority of the people who still have a job in the company."
Outsourcing jobs to other countries where they can pay the employee a smaller wage is another practice that helps to strengthen a business and create profit. TJ Rogers, creator and owner of Cypress Semiconductors, stated "You cannot save a job that doesn't have an economic right to exist." He has outsourced jobs to the tax-free zone of the Philippines where his company is exempt from paying income tax, corporate tax, and sales tax for eight years. Labor Unions would not be necessary due to the benefit packages. Lorelai Solomon is paid a daily rate of just over $5.43 that she uses for her and her family of seven. Outsourcing to Latin America where they pay fifty cents an hour. The average cost of making one shirt is twenty dollars where in the United States it increases to at least double.
Paper, IBM, Caterpillar, Van Heusen, and Staley; all of which chose to downsize to create profit. The goal of big business is to create growth and profit through efficiency.
Big businesses survive through layoffs and downsizing of the “excess fat” from employees when necessary. They outsource jobs to other countries to increase profit and sales and allowing the company growth. Big businesses have the right to layoff middle class workers if the business is not making a profit.
CEOs
sometimes have to lay off long-term employees and close warehouses in order to cut their losses and remain strong. The world is constantly changing and big business must change and adapt along with it. If they continue to run their business as in the past, the business takes the risk of going under. A bankrupt company is no good to any workers, but a downsized company can retain some of its employees. Van
Heusen shut down three of their plants one of which was in Clayton, Alabama. Bruce
Clatsky, President of the company said, "My responsibility is to the majority of the people who still have a job in the company."
Outsourcing jobs to other countries where they can pay the employee a smaller wage is another practice that helps to strengthen a business and create profit. TJ Rogers, creator and owner of Cypress Semiconductors, stated "You cannot save a job that doesn't have an economic right to exist." He has outsourced jobs to the tax-free zone of the Philippines where his company is exempt from paying income tax, corporate tax, and sales tax for eight years. Labor Unions would not be necessary due to the benefit packages. Lorelai Solomon is paid a daily rate of just over $5.43 that she uses for her and her family of seven. Outsourcing to Latin America where they pay fifty cents an hour. The average cost of making one shirt is twenty dollars where in the United States it increases to at least double.