John Waples BT is preparing to axe another 10,000 jobs

julieq

mewbie wrote: »

Something chilling about those words. These are jobs which are no longer available, redundancy package or not. Presumably the ultimate measure of a successful business / economy is to have no jobs at all - all achieved by 'natural wastage'.

Sorry, it's not the job of economies to generate secure jobs for life. When you actually get that, you get serious structural problems building up as was seen in the Eastern Bloc or even here in the 1970s. There is no incentive to be productive.

On the other hand, no economy can work without employing enough people to consume the goods and services the rest of the economy produces. So ultimately it's a balance.

If you want reasonably priced goods and services, you are in effect explicitly asking for a competitive economy where companies need to be efficient to survive. It may not be pretty and heartwarming, but that's how it works.