“In periods of economic turmoil, people are hungry and work cheap, and entrenched companies often concentrate on in-house cost-cutting instead of exploring new markets, which can explode with the next turn of the business cycle.”
Wired, “Back to the Garage” 

2 Responses to “Quote of the day: Now’s the time”

  1. Jim Seybert says:

    Dan – this is provocative. I like it.

    Instead of laying people off, companies and workers should compromise on lower payroll costs in exchange for profit-sharing from new business that results from seeds planted during the downturn.

    Keeping staff on the payroll during slower times, frees time to work on a number of things that get shoved to the side when business is booming.

  2. Tamara says:

    Yes, interesting. Unfortunately, innovation seems to be a four letter word. Could it be a big part of the reason why the car industry is doing so well in this country? Hmmm…