Comment by nine_k
24 days ago
If an employee brings in more profit than before, you want more such employees, not less.
You have to cut costs when the costs do not bring you enough profits.
24 days ago
If an employee brings in more profit than before, you want more such employees, not less.
You have to cut costs when the costs do not bring you enough profits.
That assumes the market is infinitely expandable.
If in fact you can meet the same market demand with fewer workers and the market does not expand accordingly, you get deflation and job losses.