Farmergeorge said "Unfair exploitation of workers is one thing.
Maximizing company profits is quite another. If company executives don’t achieve targets then shareholders and lender’s aren’t going to be very happy with them and those executives will in turn be replaced with those up to the task.
If savings can be found through reduced labour costs by improved productivity, automation, improved use of technology, mechanization or shifting production then whether we like it or not that will happen.
I remember starting my apprenticeship during a major recession when work was hard to find. I also remember mass unemployment and the pain that it caused to working families and their communities. I hoped to not see times like that again but it’s the way that things are heading. "
I have not seen a more misinformed post on here in a while.
I work in the trades industry and workers are at a premium. What we are seeing is workers taking on extra work to make ends meet, working 60 to 80 hours a week. Companies are struggling to fill positions, and we are seeing people move form one company to another for better conditions and better pay.
I have placed a job ad several times in the last 2 years looking to fill positions only to come back empty handed. And all the conversations I am having with other companies is that they are struggling with staffing throughout the trades industry.
Trust me, with the shortage of workers out there, the days of mass unemployment are far far away. We are seeing people on the picket line in all forms across North America. This doesn't happen in an unstable job market. Right now, the unions and workers hold the hammer....and the CEO's and shareholders are going to see an end to record profits.