2 ms·
Executives and shareholders captured all of the increased profit margins from outsourcing, workers little or none of it. Additionally, the replacement service
by SkyMarshal 4y ago
Executives and shareholders captured all of the increased profit margins from outsourcing, workers little or none of it. Additionally, the replacement service jobs those workers transitioned to provided lower total compensation. All that on top of increased costs for health care and other necessities.
Net result was drastically increasing inequality, and a political system with cradle-to-grave capture of politicians by the 1% (or 10% or whatever), using their increased wealth to fund political campaigns, lobbying of those politicians while in office, and to provide cushy revolving door jobs and board memberships when politicians leave office.