Companies' profits good for our investments

2013-11-13T00:00:00Z Companies' profits good for our investments
November 13, 2013 12:00 am

In her Nov. 1 guest column, Ruth Needleman did a good job identifying sustainable economic development as a need for this area and, really, for the entire country. She then went a little bit afield, blaming the profit motive of companies and job automation for some of our problems.

It is difficult, if not impossible, to win an argument against genuine scientific advancement. If computers and robots can collect tolls on the Indiana Toll Road or do any other task faster and with fewer errors than humans, why shouldn't they? Are we still using buggies and buggy whips?

And as for profits, let's not have disrespect for companies and their investors. As a general rule, when companies make a profit it is good for all of our pension funds, including union pension funds.

- Ron Henson, Portage

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