First Person: I Do Not Need Twinkies to Survive

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Companies have been failing for as long has there have been incorporated entities. In other words, the economic difficulties of the last few years are not the first time that history has seen organizations go bankrupt. We have had recessions before, and we will have them again. You feel bad for people that suffer because of bankruptcy, but there are a lot of factors to consider when a company cannot sustain their business. Because of this, I have mixed feelings when certain organizations go under. More specifically, I do not need for Twinkies to survive. I think the world will be just fine without them.

Hurting for workers

As mentioned, you feel bad for workers when a company closes and they cannot do anything about it. Losing your job in an economic downturn can be an especially difficult thing because you are joining a large group of people that are vying for a potentially small pool of jobs. The stress of paying bills is magnified by the prospect of searching for positions that are sure to solicit a high amount of competition. This is particularly true in communities that may have limited options for similar work. I would not want to be a Hostess employee right now.

Unable to reach agreement

There are obviously other factors involved. When a company closes and there are also labor issues related to union activity, you wonder if one or both sides may have contributed to the problem by making unreasonable demands. I try not to make judgments about companies when I do not know all the details. It is hard for consumers like to me to know how to interpret the news and know who is most at fault. However, I do operate under the assumption that some organizations seem to struggle because management and union officers are more prone to create a standoff than a resolution. If my union recommended a strike and then the company went bankrupt, I would probably wonder if that was the best strategy.

A needed product?

There is also the issue of business cycles and the need for certain products and services in the marketplace. Again, you don't want people to lose their jobs but sometimes there are longtime companies that do not necessarily provide a truly needed product or service in the marketplace. Given the lack of health and wellness in this country, perhaps we could use a few less sugary snacks. This is obviously a subjective judgment, but when a company folds, there obviously wasn't an overwhelming demand. People may buy what is being sold, but sometimes I wonder if society would benefit from the absence of certain products. That is where I have mixed feelings. I feel sorry for the workers, but I may not miss the product or service.

Sometimes the inability of a company to maintain profitability is a sign that society has other priorities. Such is the nature of business.

*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.

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