"NOYB" wrote in message
.net...
snip

I think that would be a terrific start. Would labor agree to proportional
cuts, as well? In other words, would the following hypothetical scenario
be
agreeable?

Management's total income costs a company $500 million dollars split among
500 of its top management. If you cut that by 60%, you've reduced
management labor expense to $200 million split among the top management.

If labor's total income expense is also $500 million, but it's split among
10000 employees, would they accept a 60% cut in pay? How about a 40% cut?
Or even a 10% cut? Probably not...because labor is very short-sighted.

It does not matter if they agree or not - with the magic of free trade, and
our free market economy - the average worker will get the big cut anyway.
Judging from the tone of your post; you should welcome this truth.

Mark Browne