3 ms·
Yeah before shareholders people were doing so much better as working for someone else.
by geodel 8y ago
Yeah before shareholders people were doing so much better as working for someone else.
- moorhosj 8y agoEspecially if you purposefully ignore the middleground (1930-1980) when shareholders existed but labor also held significant power. Lots of people remember this, it was the post-War boom we continually hear people longing for. I believe the comment was about the idea of enhancing shareholder value which has been the dominant philosophy since about 1980. Notably, wages have stagnated since 1980 [1]. [1] https://commons.wikimedia.org/wiki/File:Real_GDP,_Real_Wages_and_Trade_Policies_in_the_U.S._(1947%E2%80%93_2014).png https://commons.wikimedia.org/wiki/File:Real_GDP,_Real_Wages...