Beans economy
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The U.S. economy was at the height of economic expansion, stocks were near all time highs, corporate profits were strong, and the unemployment rate was at its lowest in two decades. At the same time, the major corporations in the United States were firing workers by the hundreds of thousands, and job insecurity had risen to an extremely high level. What was also ironic was the fact that the corporations who were initiating the downsizings were considered to be some of the strongest and most profitable in the country. Although these events seem to be inconsistent, this is what has happened throughout the decade of the 1990's.
Traditionally, downsizing was a direct result of a decline in the demand for a firm's product and a tool for company survival. The first duty of an organization is to survive. Downsizing is a legitimate tool for survival but not necessarily the best choice for every circumstance. This would mean that fewer items needed to be produced, therefore less employees were needed...