You folks have to think of this like manufacturing. When your product isn't selling you have to lay off workers who make the product. The executives can't be laid off because they have to run things until business gets better. Sometimes higher level people do get laid off if a down turn is huge but not usually. Theme parks are just a factory, if there are no customers, you can't pay for a bunch of front line people to do nothing.
As far as upper management realize these guys spend to their salary level. They have more expensive mortgages, car loans along with retirement savings. If they have kids maybe private schools, college savings. $200-300K really isn't that much money for people with children. These people aren't rolling in cash, it all goes somewhere. You can say that's not fair, well go get their position. You will make more money. Oh.......you're totally unqualified for their jobs? Well that's a problem.
Over all Florida is going to be in serious trouble by spring. State governments and local governments will be broke. Orlando is going to have a serious problem with people who are dead broke. They either move somewhere else or more likely become violent and prone to stealing stuff. I would expect the crime rate in FL going up a lot by next spring. Etc. etc. At the moment this seems endless with the only entity really able to do something is the federal government but they seem to be doing their usual do nothing and fight about everything. I won't blame one party or another none of them are doing what they should do. Extra $600 a month was the right thing to do for the time, that should have kept going but congress is delaying that until it does no good. My favorite comment was "All this will be retroactive when get the details worked out." That shows a real lack of any knowledge of the finances of lower paid workers who pretty much live week to week with no large credit line of any kind. Retroactive will to late for many I fear.
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blogmickey.com
