573
Strikes aren’t bad for the US economy. They’re the best thing that could happen
(www.theguardian.com)
this post was submitted on 21 Sep 2023
573 points (98.5% liked)
Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Seems to me that if we have an economy based on consumer spending, giving consumers more money to spend would be a good thing.
No no, see once the most super-rich person collects all the money they win the game, and then we all get to quit.
If by "quitting" you mean we all die, I think you just might be right.
Can I quit right now?
We'll get there in our time, friend.
New Game+ ?
But before that we fight each other in a lawless starvation hellscape.
I legitimately don't understand why this is such a hard concept to grasp. I'd gladly buy your $thing if I could afford it
Because the way they see it, you’d have to take their money through wages in order to afford stuff. If their only liquidity is through perpetually revolving loans against the equity they hold, then their only job is to make that equity ever increase. The less those companies pay, the higher the profit. The higher the profit, the greater the dividends. They greater the dividends, the higher the stock price. The higher the stock price, the larger the valuation. Ever increasing collateral = perpetual revolving borrowing patterns = cheat code for unlimited money.
But if it ever falls apart they’ll be on the hook for a loan so big they might not be able to pay it back if they liquidate everything. So they MUST win at all costs. This is the deal with the devil. Ultimate power, but you must keep the plates spinning. One wrong move and you are collected.
Now take that to the extreme and make it a worker-owned company, where everyone has a vested interest in the company succeeding and control over company decisions.
Heck yeah! And of course, the companies will just eat that loss and not increase their products' price to cover higher wages.
They've increased costs without covering wages so that would be a refreshing change.