Thursday, February 28, 2013

Good for Business

When someone says that something is "good for business", does it mean good for you? Not necessarily. "good for BUSINESS" actually means "good for PROFITS". If you are the owner of a business, then, that's a good thing. If you aren't then it might not be. You'll remember profits are

REVENUES - EXPENSES

and employees are DEFINITELY expenses. So something like raising the minimum wage or limiting the working hours and insisting on breaks and other considerations can raise expenses and thus are BAD for business. If you are concerned about the environment, then restrictions on pollution, destroying wetlands, and other environmental restrictions which are GOOD for you are BAD for business (read "profits").

No comments:

Post a Comment