darkknightkryta said:
Not big ones. Though I'm not sure what a company like Best Buy make at this time, since as I said, retailers are feeling the pressures of poor economies. But I'll give you another example. Rogers Communications up here in Canada, their net income is 1.56 billion. Guess how many people they cut yearly? This past march they let 300 people go. I can assure you, they could have kept those 300 people and hired another 300 and it wouldn't have put a huge dent into their profits. But since they're used to making 1.56 billion dollars annually investors are gonna freak out if they don't make that, or get it higher. So what's the CEO supposed to do? Do what's best for the economy and keep people employed? Or cut jobs since that's the fastest way to get profits up? Sure ain't keeping people employed. And then people wonder why economies are bad. Edit: Just looked up Best Buy's net income, they're profiting 1.23 billion dollars, yet they're closing stores and making people unemployed. |
Best buy already pays higher than min wage so this won't effect them in any way... not imagine if they did pay minimum wage and they got the news they would need to increase their wage by a dollar and a half to each of their 80-200 (Taking these numbers from Target. I don't know what BB employees on hand are like) employees in each of their stores. Can you imagine how many stores they would close then?
