Wednesday, August 5, 2009

Ugly side of bad economy

When the economy becomes bad, the ugly side can show itself. People resort to cost- cutting measures. It's not about cost- cutting is wrong. It's fine. The way to do it is the issue.

Hiring staff which costs less is a cost- cutting measure. For example, hiring a foreigner to be a receptionist in your store. It sure cuts costs. But i've come across a number of instances when business can be a problem when these foreigners are hired. One, i don't get what they mean sometimes. Two, it's a bad business deal experience. Three, i might not get the correct product, correct product information.

Another cost- cutting measure is reduced train operations. It is said that the trains will be more frequent at peak hours. But still, at peak hours, the congestion is existent. What has the authorities done to justify the high prices of public transport? The trains are still congested at peak hours.

A typical cost- cutting measure is reducing wages. This is really bad. Ask them, who are hit.

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