apptech wrote:
> If I skim-read his
> response correctly I thought he was suggesting that people would be taking
> the opportunity to reduce staff that they had wanted to previously, but 
> had
> been prevented from doing so by legal or soietal obligations. There seems
> vanishingly little doubt that that will be happening, along with the
> cutbacks that are directly vaused by the more recently visible problems.

And I merely said that based on what I'm seeing, the situation is real --  
most companies are not using the crisis as a pretext to get rid of "dead 
wood", but they don't have a choice.

I'm a little put off by the general attitude toward upper management. The 
assumption seems to be that they are somehow crueler and more sadistic than 
the average person.

>> Economic cycles are a part of the capitalist system. The current 
>> recession
>> will be over, eventually -- followed by an up-cycle. It will be alright,
>> in
>> the end. :)
>
> Capitalism doesn't even in purist form HAVE to have economic cycles and
> shake outs and boom bust and more.

Russell, how can you say such nonsense?

The father of economics Adam Smith in 1776 spoke at length about the 
economic cycles, as something that is normal and expected. At the most basic 
level, there are periods of large harvests, followed by periods of drought. 
This was a known truth from the early Biblical times (remember Joseph, and 
the fourteen cows?).

Despite the ups and downs, the general trend is up. In capitalist societies, 
each generation is wealthier than the one before it. That is why I'm hopeful 
about the future.

Vitaliy 

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