Corporate greed at its best.
I've been saying this for a while now "these companies, corporations, have become too fixated on the bottom line". All they care about is profit and it's at the expense of the employees.
Look at Disney.
Early this year they claimed they were losing money. Wouldn't make the projected earnings. Those projections were quoted to be 60% above the previous years earnings. I believe they "only" made 50-60% of their goal. They did it at the expense of their theme park employees. Disney stopped all full time hiring, cut back available hours to current full timers, cut benefits. Just a couple days ago Disney tried to layoff all full time banquet servers and cooks so they could hire them back as part timers without benefits. Disney lost.
Next time you're in Disney World take a look at the person running the ride you're on and remember that person is responsible for your, and everyone elses, safety. And remember that thay only make $7-8.00 an hour. How much is you life worth?
One "Cast Member" I worked with had been there for 10 years. His pay was topped out at $10.00 an hour and no increases without a change in contract.
Now figure the average family of four spends around 700-800 dollars a day in their parks, and that doesn't include lodging. Times that by the 150-200 thousand guests that visit every day. That's a ton of money.
The average person doesn't know this but every ride and attraction at Disney is sponsored. Those sponsors pay someting like 70% of the operating costs (payroll too) for that attraction. No sponsor, the attraction closes. All of the Coke products that are sold are delivered free of charge. All Coke asks for is the free advertising. Think about that next time you buy a 3.00 coke at WDW.