Thursday, June 4, 2009
An interesting question is whether the quality tea bags will be reinstated during recovery or wether tea bag quality will prove to be sticky? Is this simply an opportunity for the firm to achieve cost savings by riding on the coat tales of recessionary expectations (despite the fact we are now officialy not in recession).
You would think these non pecuniary benefits are a fairly good indicator of how sensative a firm or department is to the ebb and flow of the labour markets assoicated with its human capital. In the case of the Lone Ranger I think the firm in question may be acting a bit brashly given the counter cyclical nature of economics. It would not appear rational for a firm to reduce nonpecuniary benefits for economists during a period in which their skillls are in demand.
Lone you should jump on your horse ride into the head cheeses office and demand the reinstatement of quality teabags.