Understanding Economics
Sep 13, 2009
Workers at the Stella D'oro cookie factory in the Bronx were still in shock Thursday as the news sunk in that the business had been sold and was moving to Ohio.
They wondered how they'd pay their rents and mortgages, how they'd find another job in today's recession and what they'd do without health insurance.
Workers, who already went through a long, bitter strike that ended in July, trudged out at the end of the day's shift Thursday with hangdog faces and tales of heartbreak.
They went on a strike for higher benefits and pay. They were told that to pay those benefits, the firm would be sold -- and they'll lose their jobs. That has come to pass. So, why are they shocked?
I realize it is hard for children and liberals to understand this, but jobs don't come from the magic job-creation fairy. Or the government, for that matter. Yes, many businessmen, especially the mercenary executive class, are scum, but not even scum can stay in business when they don't make a profit.
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