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> many can only function as a business with low wage workers or automation. If this were true, they would not have extra money to give to shareholders. The ide
by 542354234235 6y ago
> many can only function as a business with low wage workers or automation.
If this were true, they would not have extra money to give to shareholders. The idea that a corporation is allowed to pay poverty wages while still claiming profit for speculative investors is the problem. That isn't a harsh reality, that is legally sanctioned exploitation. Does every business do this? Of course not, but looking at corporate profits over the last 20 years, it is clear this is the norm.
> The only other option for higher wages would be for these businesses to be state-sponsored, which is at least worth consideration.
Completely untrue. The money is already there. It is just being given to speculators, not workers. Weird how average wages have gone down in the last 40 years but CEO pay has gone up almost a 1,000%.