Note, of course, that the "owners" are anyone who owns Disney stock. Which includes a large chunk of the 401k's and IRA's in the country. Certainly it includes mine...
What do you think of the long-term implications of this however?
The goal, such as it is is to continually maximize profit in all areas. This means a large portion of expenses are the labor costs.
So it only stands to reason that you want expenses as low as possible - American workers tend to be paid more than someone from a country with a much lower standard of living, therefore - American workers are an expense to be eliminated.
This makes perfect sense for a extremely short term outlook.
But from a long term outlook, it is deadly counter-productive to your interests.
How often is that person from the third world country going to fly his family over to Disney World, pay the 100 dollars a person entrance, the hotels and meals for the time, then fly them all back home?
Oh, that's right - he's not.
Then again, since the incidental end goal for Corporate America is to force most of it's citizens to be either unemployed, or to work for the wages that they can pay someone in a third world country - eventually, the Americans who used to go to DisneyWorld, or DisneyLand or Epcot, or stay at the multiple resorts or cruises, are not going to have the money.
And of all of the businesses that should know that their continued profitability comes from a healthy middle class, Disney should have that on the first sentence of their mission statement.
They rely on a lot of people, spending a fair amount of discretionary money to visit their venues. How much do you figure a third world America that saves the shareholders a lot of money on labor is going to spend on 100 percent discretionary things like a trip to Disneysomething, when we're all making the same wages as that guy in IndiaStan?
It's like saving money on skydiving by not spending money on that expensive parachute.