Governments have rushed into saving complacent and greedy Investment Banks and Housing Giants who were trying to make merry on wide spreads on sub-prime credits. However, nowhere have we seen measures being taken to save employees being sacked from these as well as other directly or indirectly affected organisations. Targets are usually the newest employees on board who had little role to play in these strategic decisions led failures. Is it not the job of the government to protect these employees by ways of passing extraordinary legislation whereby these organizations can be made to pay dearly before sacking them?
The same shall not happen even when many of these employees will end up taking their own lives out of inability to cope with depression/other situations leave apart the kind of trauma many will go through by working in jobs well below their qualifications while it shall be ensured with clockwork precision that no organisation goes bust on account of sub-prime crisis.
Hail the wisdom of the world including the most sought after Economists/CEOs who can not keep their organisation free from whirlwinds such as sub-prime but will heartlessly push people off the board in an endeavour to show action to investors and within a year will be hiring at campuses again with broad grins, fat pay-checks out of written-back provisions/losses and puffing their wallets with newly minted currency JUST FOR THEM alone.
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