Thursday, November 21, 2013

In yesterday's Daily Press I read an article by Robert Reich titled "Henry Ford could educate Walmart."  The article was interesting because we recently had a debate about Walmart in Weserville, and we had talked about Walmart's low wages.  It turns out these low wages might be hurting Walmart's sales, as well as the economy.  Mainly people who work at Walmart shop at places like Walmart.  If the company were to increase its wages, then the workers could buy more, helping the economy as well as Walmart.  Walmart is so big that if it increased its wages, many other companies would as well, boosting the entire nation's economy.  Henry Ford did this in 1914.  By increasing his wages to his factory workers, many more people could now afford his cars, meaning he made a fortune and helped America.  I admire good ol' Henry's descision, because he helped his workers, the economy, and got rich.  I think Walmart would be very wise to do the same, however they may not understand the benefits.   In our classroom, we could increase Weserville's economy if maybe the almighty giver of our paychecks would maybe increase our wages...            Maybe.  Anyway this would let us be able to put more money into the market of Weserville.  Do you want to earn more money and at the same time help your town?????  Wink wink nudge nudge mrs weser :)

Wednesday, November 6, 2013

An article in Yesterday's Daily Press by Andrea Chang called "Heat on Blackberry to hang up on phones" showed me that Blackberry is in the trough part of the business cycle.  The author thinks that if Blackberry keeps on trying to sell smart phones then they will never enter a reconstructing stage.  In the business cycle, this means they will never reach a peak again.  Blackberry is trying to transform its business model to save itself.  I think this is a smart decision because the company is obviously not doing to well in the smart phone department.  I hardly see Blackberry phones at all anymore.  To other businesses in the smart phine market, mainly Apple and Android, this is probably good because even if it was a very weak competitor, it still is decreasing the competition a little bit.