Medical giant Stryker cuts 1,170 jobs, citing ObamaCare

Discussion in 'Politics' started by ScienceRocks, Nov 16, 2012.

  1. ScienceRocks
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    ScienceRocks Democrat all the way!

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    Medical giant Stryker cuts 1,170 jobs, citing ObamaCare
    Fox ^

    Read more: Medical giant Stryker cuts 1,170 jobs, citing ObamaCare | Fox News
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Fuck 'em.
     
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  3. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Huh? That doesn't even withstand basic mathematical scrutiny.

    If you're already at optimal productivity then a 5% cut in your workforce means about a 5% reduction in production which means about a 5% reduction in the profits you would otherwise make. Its an excise tax, they can't lower the percentage that the tax takes out of their profits by lowering production!

    If you aren't already at optimal productivity then the real underlying reason you're cutting jobs is because - you're not at optimal productivity.




    The Founder's grandson? Who gives a shit?
     
  4. bripat9643
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    bripat9643 Diamond Member

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    An excise tax raises the price of an item. A higher price means reduced demand. If you lower the quantity you produce, then you need fewer workers.

    Try reading some books on economics instead of Marxist propaganda.

    I'm sure the founder is rolling over in his grave.
     
  5. g5000
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    g5000 Diamond Member

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    Um. No.

    A 5% cut in workforce means the other 95% will have to work harder.

    .
     
  6. OohPooPahDoo
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    If that's actually possible then the company isn't already at optimal productivity - in which case, the underlying reason for the lay offs is the company is no longer at optimal productivity. The excise tax is merely the trigger that sets off a lay off that was inevitable anyway.
     
  7. Oddball
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    Or that there'll be some hiring going on in China.
     
  8. Vel
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    Vel Gold Member

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    Does anyone wonder what the next job numbers are going to look like?
    ******************************************************

    Medical giant Stryker cuts 1,170 jobs, citing ObamaCare
    By Perry Chiaramonte
    Published November 16, 2012
    FoxNews.com

    Medical supply giant Stryker is the latest company to announce job cuts in anticipation of coming costs associated with ObamaCare, even though the man who inherited a fortune from the company's founder is a fan.
    The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founder's grandson was one of the largest contributors to President Obama’s re-election campaign. Medical tech scion Jon Stryker, whose net worth is currently estimated at $1.2 billion, contributed $2 million to the Priorities USA Action super PAC and has given $66,000 in contributions to Obama and the Democratic Party. Stryker does not run the company.


    Read more: Medical giant Stryker cuts 1,170 jobs, citing ObamaCare | Fox News
     
  9. Immanuel
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    Immanuel Gold Member

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    Allow me to start the liberal response...

    "It's Bush's fault"!

    Immie
     
  10. Truthseeker420
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    Truthseeker420 Gold Member

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    United Health Group has about 3000 job openings all over the country, maybe the can find a better job.
     

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