Like, Company A posts 5 Billion in profits. But if they post 4.9 billion in profits next year it’s a serious failing on the company’s part, so they layoff 20% of their employees to ensure profits. Am I reading this wrong?
In: Economics
ELI5 version.
You love chicken nuggets. You have an agreement with the lunch lady that you get six chicken nuggets every day for lunch. Your happy about this because its predictable and meets your expectations.
One day, the lunch lady only gives you five chicken nuggets. You now feel slighted. You ask where the 6th nugget went, and she shrugs saying crazy stuff about supply chain issues, high borrowing costs, and Yen to dollar exchange rates. You don’t give a shit because you’re five and you want that sixth goddamn nugget you were promised. Your confidence in this cafeteria is shaken
Lunch lady starts to sweat because she knows her job is dependent on you being happy. She also knows that if she can’t keep you happy a competing cafeteria could come in and offer you a truckload of chicken nuggets to buy the whole operation and put everyone in the kitchen out of work. She goes back to the kitchen and lays off one of the dishwashers because that salary will cover the cost of that missing nugget.
The lunch lady tells you about her plan and assures you that tomorrow you will have six nuggets as promised. You giver her the side-eye, but you agree. You don’t really care about the plight of the dishwasher or the lunch lady, you just want to make sure there are six chicken nuggets on your tray every day because the chicken nuggets are all you care about.
Latest Answers