‘I
would like to black those days out — does that tell you how bad they
were?” says Carl Schanstra, owner of a small Illinois parts-assembly
firm. During the recession, his sales dropped by around 50 percent, and
Schanstra was forced to take a calculated risk: He downsized
considerably, reworked his business strategy, and invested his life
savings to tide the manufacturing company through the hard times.
“We laid off 20 people in one day,” Schanstra tells National Review Online.
“That day sucked. We got rid of some of the high-level management that
was not functioning correctly, as well as our low-level people. We cut
and cut and cut. And as the owner of the company, I went without a
paycheck for over three months, several times throughout that period.
You get to compound on that company’s traumatic experiences, and then
add that you don’t have any personal income as well.”Read more: http://www.nationalreview.com/articles/337594/obamacare-s-job-killer-jillian-kay-melchior
No comments:
Post a Comment