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Old 10-26-2010 | 12:35 PM
  #50895  
Columbia
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Joined: Aug 2010
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Originally Posted by satchip
^^^^^^^^^ Bingo

Only through a profitable company will we realize major LONG TERM wage gains. Extracting a 65% raise may make guys like Carl rich but they will only last till the next down turn. When that comes then I along with the other bottom third will be on the street, the top guys will be back to previous levels of compensation, and Carl and his ilk will be laughing all the way to the bank.
I may be reaching a little, but what's to stop further concessions should we enter a downturn here?