So I'm curious on this. What is the difference between:
1) I buy a business, maximize profits including laying off staff and cutting benefits, make enough money to buy luxuries so I do, including buying a new Porsche. Part of maximizing profit included layoffs of people I didn't need, but who needed the money. I have to have staff and pay them enough to do the work over their other options. If they can quit and get more pay and I can't replace them for what I am paying them then I can't do that. For me to not cut their pay and benefits is just giving them money.
2) You get a raise and a bonus at work, buy a Porche rather then donating it to a charity who would give it to help people who needed the money.
In other words, regarding the
MONEY
Why as an owner do I have to overpay because someone needs the money, but an employee can take their check and spend it rather then not giving it to someone who needs it?[/QUOTE]
First of all, I thought you were a Businessman?
You're supposed to see a net gain for your business when deciding to add an employee.
That's how you KNOW when to add or drop employees.
Like:
Johnny costs me 30K, but he procudes 45K, meaning he nets you 15K for hiring him.
So in theory, dropping an employee because you want a Porsche doesn't work if your Employment is where it should be. (meaning, if you're at the ideal balance, dropping an employee LOSES you money).
That make sense?
Also, their benefits and pay should be where the market dictates, already.....meaning, if you cut it, and they stay, then yea, it was a good business decision. If you cut it, and they leave, it means you're probably thus offering below market value and it wasn't a good business decision. Still, nothing moral about this question. It's a business decision.
All that being said, if these things weren't true that I said above and I took your question at face value:
It varies from person to person what's "moral." Some people find having 3 Mansions "gluttonous," others find it a payoff for their hard work. For me, it all depends on the actual conglomeration of your own personal empire, but I'm all for making my friends and family rich before I give anyone else anything. That's me.