What an incorrect statement! Shareholders care about their investment. For the vast majority of companies the greatest asset is the employees. Have you ever owned a company that you also worked at?
Are you serious? You sound like a Human Resources manual.
Then why, when things go south, are employee cutbacks and "downsizing" the first thing on the agenda? Just about everyone I know has been downsized, some more than once.
If profits drop, or a company can get the same production with less employees (ie, automation), the employee goes, the robot stays.
Shareholders, and I am one, care about stock appreciation/dividends, and if lowering expenses can increase profits, win/win.
Now, that may be different in mom/pop organizations, but not in larger companies.
Someone posted that IT workers do well in this environment with regards to off shoring.
Not in my last company, a major Wall Street firm.
Tech centers, not brokers, were off shored quicker than you could say "supercharger", and this was before the big slowdown.
And, I hope those who think that unions are pure evil never get into a position where, as you age, you find yourself becoming too high priced. You then run the greater risk of becoming "downsized", as long as the company stays within certain guidelines.
And, before I hear all the " well, the older worker had the opportunity to move up the food chain..........."
Simple answer, company structures are a pyramid. Not everyone gets to the next level.
Yes, unions got too top heavy and greedy, and I've been both a union worker (UAW and Steelworkers) and a manager of union people before I got into IT, where I managed vendors comprised of union and non-union workers. (But, has anybody looked at the average bonus on Wall Street? It's in the hundreds of thousands. Now, my Wall Street bonus, and that of my department's co-workers, was nowhere near that, so someone else did real well, about 500K worth....each!)
But, without collective bargaining, it's a one sided ballgame, wages will continue to remain low, and the middle class necessary to get us out of this hole will not rebound.