3 ms·
1) high incomes 2) great benefits, 3) long, protected employment contracts, 4) Minimum risk Those benefits belong to the owners of capital. The suppliers o
by worik 4y ago
1) high incomes
2) great benefits,
3) long, protected employment contracts,
4) Minimum risk
Those benefits belong to the owners of capital. The suppliers of labour must endure low wages, poor benefits, at whim employment and uncertainty.
- coredog64 4y agoMy capital portfolio is down by tens of thousands of dollars this year. Labor might have to forego future pay, but it’s pretty uncommon for an employer to claw back 1/3rd of your cash salary after they’ve paid it.
- kennywinker 4y agoNope, but it is pretty normal for employees to be laid off when the stock price plunges
- hamandcheese 4y agoYour speculative stock investments may be worth 1/3 less, but Apple doesn't have 1/3 fewer factories now compared to last year. They still control the means of production just as before.
- g_sch 4y agoExactly. Unions fundamentally exist in order to prevent owners and investors from harvesting all the profits (and from pushing off the consequences of losses to the workers alone). If companies were equally owned and operated by their workers, unions wouldn't have a purpose for existing.
- kepler1 4y agoI see, so all the stats about how many business fold and go bankrupt, how most startups never get to success -- those are all just fake news I guess? Business is just rolling in the money, risk free, huh?