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Dirty_Old_Priest t1_istpxi7 wrote

Reply to comment by CreativeMischief in Microsoft confirms job cuts after calling for growth to slow by ShoestringTherapy

No one expects business to be great YOY. Literally anyone with a brain expects business to be cyclical.

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CreativeMischief t1_istq4x5 wrote

Cyclical short term, endless growth long term.

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Dirty_Old_Priest t1_istr89t wrote

Again, no one actually expects that. No one in business. No one in economics.

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CreativeMischief t1_isu4ub9 wrote

https://www.uschamberfoundation.org/sites/default/files/The%20Growth%20Imperative.pdf

https://www.researchgate.net/publication/46509898_Is_there_a_growth_imperative_in_capitalist_economies_A_circular_flow_perspective

Yeah man, no one

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Dirty_Old_Priest t1_isuozah wrote

Did you actually read those papers? They're all under ideal, perfect, conditions lolol

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CreativeMischief t1_isusrm9 wrote

Yeah in other words, theory. Of course it doesn’t work in the real world but that doesn’t mean companies and the overall economy doesn’t attempt these ideas

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GrinchMcScrooge t1_isuiqbh wrote

When I worked at Target, if our store didn't show annual increase in sales of at least 12%, we lost payroll for the next year to keep profitability increasing. This was the case for 12 straight years. And the payroll decrease was always bigger than what we missed sales by. So if you only increased sales by 10%, you lost ~5% of payroll for the next fiscal year. If you only increased by 5% YoY, you lost ~10% of payroll, etc. I think the CEO changed 3 or 4 times while I was there and this was always the standard.

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Dirty_Old_Priest t1_isumq9m wrote

That's not expecting infinite growth at all. That's actually forecasting future lower sales to heed off unprofitability.

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