406
Record profits are unpaid wages
(mstdn.ca)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Aug 2023
406 points (96.6% liked)
Socialism
5141 readers
2 users here now
Rules TBD.
founded 5 years ago
MODERATORS
Exactly! A profitable company is one about to hire more people and increase wages to be competitive in a diverse industry fueled by creativity and ingenuity.
I might need a /s here, cuz I can’t tell.
If not: The most profitable companies are those that either: are monopolies (of the consumer and/or labor side), operate as banks, or operate as limited-liability speculative arms of banks.
No ingenuity required, only “I have money on hand, so I win”.
The most profitable companies also do the utmost to treat employees as contractors and avoid paying employer taxes, social security and health insurance.
Uber is just waiting for self driving cars and will fire all their contractors the day it happens. Amazon will fire all their delivery guys once drones work as intended.