Circuit City's harsh layoffs give glimpse of a new world - Yahoo! News: "All of this makes for an interesting business model. But it raises troubling questions about the direction of the American economy and society. Among them:
•Is this politically sustainable? Read through Circuit City's statement about the layoffs, and one can almost detect a sense of glee at its job cuts. This kind of treatment of employees, combined with growing disparities of wealth, increase the chances of a potent political backlash that will result in overly rigid labor laws, punitive tax rates on the wealthy and trade protectionism.
•Will the 'service economy' result in the death of service? Many consumers might be comfortable buying high-end goods and services online. But others might want a knowledgeable salesperson, who might become a rarity in today's rush to cut wages."