Monday, August 01, 2011
MSNBC shows it's populist slant
Here's the headline over at MSNBC, Bank giant posts $11.5 billion profit, then slashes 25,000 jobs
Clearly the message is, "How dare a profitable company cut jobs when they are making so much money? Those jobs belong to those workers and they have a right to employment."
Wrong! Jobs belong to the company. HSBC is pulling out of South America and other Spanish-speaking countries where they are less competitive to concentrate on the Asian markets where they are more competitive. They may be cutting 25K jobs one market, but they will probably create that many jobs in other markets. Where does this socialist liberal mentality come from that assumes workers have a right to the jobs they hold?