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> for capital to regain some leverage they lost and crack the whip. Which, to be fair, at least in the tech sector was probably warranted. Capital has way mor
by hourago 4y ago
> for capital to regain some leverage they lost and crack the whip. Which, to be fair, at least in the tech sector was probably warranted.
Capital has way more, by a large margin, leverage than labor. Big technology companies were far from have less leverage that tech workers. Why do you think that it is fair that a reduction in that difference is ended?
- uxp100 4y agoI don’t think this comment was about capital and labor, but instead between capital and management. Maybe there is a better phrase. Finance capital and business? The idea is that capital has had very little control the operations of business over the past 10 years, due to low interest rates. This leads to businesses that don’t make money continuing to grow, and bubble conditions, is more or less the idea. I’ve also seen this idea of the Millennial Lifestyle Subsidy also being related to interest rates.
- AndrewKemendo 4y agoManagement are the (mostly-unwitting) foot soldiers for capital. Generally they either come from capital already, or are labor attempting to jump into the capital class. The petite-bougeoise [1] as they were once known [1]https://www.oxfordreference.com/display/10.1093/oi/authority.20110803100320389;jsessionid=E732C3A7A828236EDFD4B2E4AFA9C2C7 https://www.oxfordreference.com/display/10.1093/oi/authority...