By God, these people really don't get it.....

BMO, the parent company of the Bank of Montreal, just announced that it will axe 1,000 jobs, or three per cent of its total number of employees. This despite making a record profit of $2.7 billion in 2006, up 11 per cent over 2005. Naturally, these cuts will help the company "boost service." Naturally, financial analysts "remain concerned" over the company's "slow revenue growth." Get me a barf bag and a pamphlet advocating the benefits of anarchy.

http://www.theglobeandmail.com/servlet/story/RTGAM.20070131.wxrbmo01/BNStory/Business/home

 

Let me say this slowly...

He's out of touch with what a vibrant work force should be, and if it is what he describes as minimum wage culture, then he's way out of touch with what it takes to make ends meet.

 

These bastards just voted themselves a bonus. Bet on it.

If the terrorists get the free world, let them begin with shit like those people.

 

Pourquoi détestez-vous le Québec?

 

What should a vibrant work force be then? And what should America do to help those who live in poverty?

 

A work force making ENOUGH money that they don't have to worry about not paying reasonable bills.

For what we spend in building bigger jails, curtaliing drug problems, excess pregnancies, and all the other social ills, we could trade off with a new approach to "living wage." But then, Washington and liberals wouldn't have a captive vote would they? And don't think I'm setting the GOP aside from excuse. All they're worried about is how the businessman is going to be pinched by an incremental hike in salaries - most of which are under what he's paying in the first place? Secretaties? $9 an hour here. Factory workers? About the same to start.
And still, that's not enough to live on decently.

 

So how do you do it?

I don't see that you can in one fell swoop. If you think company owners are bitching now, just think what they'd say if minimum wage doubled overnight. These things have to be phased in to try and keep some momentum in the economy, otherwise you'll just see company owners claiming insufficient funds, laying people off, and increasing the burden on the state from unemployment benefit.

This is a start, but I don't think this is the end of people pushing for minimum wage increases.

 

I'd like to think that if our leaders weren't spending billions of dollars on futile military operations thousands of miles away from the North American continent, there'd be more pie to go around.

However, I'm cynical enough to realize that even if that money were being saved, we'd never see most of it anyway. It's not like it would instead be spent on education, health care, infrastructure or other critical needs.

 

Two words -- Montreal Canadiens. ;D

Seriously, though, the name "Bank of Montreal" is a misnomer. The company's headquarters are in Toronto and have been since 1977, shortly after the separatists first came to power in Quebec.

 

Yawn fell asleep and woke up as the spirit of Paul Wellstone.
I'm confused.

 

It's not the Bank of Montreal: it's BMO.
Canadian Imperial Bank of Commerce: CIBC
HBC: Hudson's Bay Company

No one calls companies by names anymore, just initials.

 

Like TBS?

(The Beer Store?)