3 ms·
The theory is naive, dismissive, and wrong. Stock value increases are coming from optimizations within companies that reduce employee benefits and compensation.
by jumsdogpetter 9y ago
The theory is naive, dismissive, and wrong. Stock value increases are coming from optimizations within companies that reduce employee benefits and compensation. On the consumer side of things, profits also come from taking advantage of deregulation, lowering the quality and safety of consumer products and services. Executive leadership and investors are pocketing gains made from making everyone else's lives worse.
Getting richer has a strong relationship with making others poorer.
- newmanships 9y agoAre you saying stock value increases only come from reducing employee benefits and compensation or from lowering the quality and safety of products and services? Seems like that is simply not true across the board. If a company sells say software they could easily grow revenue and profits without changing their product or reducing employee benefits and compensation. Their earnings would be higher and their stock would go up.
- ericd 9y agoHow much of this opinion is coming from being involved in the management of companies vs news articles tuned to generate outrage so that they can generate clicks?
- jumsdogpetter 9y agoHow much of your denial comes from benefiting from the immiseration of the poor?
- ericd 9y agoI'm serious. Do you have first hand knowledge of what you speak, or are you just looking for someone to be angry at? Also, looking at your comment history, you've literally only ever commented on the misery of the proletariat and related topics, which makes me suspect this is an astroturfing account.
- AnimalMuppet 9y ago> Getting richer has a strong relationship with making others poorer. This theory is naive, dismissive, and wrong. You have accurately seen some bad examples, and it has led you to incorrectly conclude that the bad examples are the bulk of what is going on.