2 ms·
The stock market and human decision making is short term. There's always someone desperate for a job with no better choices at all (like flipping burgers etc).
by NeedMoreTea 8y ago
The stock market and human decision making is short term.
There's always someone desperate for a job with no better choices at all (like flipping burgers etc). Some don't watch news to learn of the terrible risks. Industries with safety regulations will have some employers "encouraging" the belief that the clothing, masks and procedures are unnecessary, uncomfortable etc.
Globalisation is often little more than excuse to relocate somewhere without any of those protective legislation and publicity impacts.
Once it becomes a race to the bottom human and environmental safety become secondary. The idle threat to close the factory and relocate it to somewhere that doesn't yet care is real enough that the publicity of losing 1,000 jobs is worse to their political career than killing 2,000 workers over a 40 year span.
By the time the damage is clear the politicians have moved on to highly paid board and consultancy roles in the industries they failed to regulate.
> People find a way to saw the branch they sit on
Situation normal, encouraged by quarterly reporting. See also climate change, soil loss, species loss and the reaction of business globally.