4 ms·

How does are business culture accept people who squeeze profits out of vulnerable, trapped elderly people? Why aren't those people ostracized and defunded. It

How does are business culture accept people who squeeze profits out of vulnerable, trapped elderly people? Why aren't those people ostracized and defunded. It doesn't have to be this way, and it wasn't always this way.

tacoooooooo 3y ago
Money
mc32 3y ago
Probably when the stock market became more prominent. Henry Ford wanted to pay his workers a decent wage, enough for them to afford his vehicle, but GM sued and now we have maximize profits having more say than other aspects of business. Chicken filet is closed on Sundays. —giving their workers a day of rest. Unlikely the case if they were public.
- rootusrootus 3y ago
  > giving their workers a day of rest I think it has more to do with the religious observance of the owner than a desire to give their workers a day of rest.
  - NavinF 3y ago
    Yeah, not to mention the majority of fast food workers are part time. Why would any employer want to pay one person for 7 days a week which will almost certainly trigger full time benefits
ClumsyPilot 3y ago
> Why aren't those people ostracized and defunded. Even Jeffrey Epstein wasn't ostracized, people who are responsible for corporate mandlaughter aren't defunded. Can you name a single person who was? I dont think this ever really happens.
underlipton 3y ago
Business is essentially the practice of deferring accountability and delegating responsibility. Nursing homes themselves only exist because people won't or can't take care of their parents; essentially, you commodify care for the elderly, and now they're a resource to be gamed. The exploitation seems like it's kind of baked into how we Capitalism.
- hotpotamus 3y ago
  While all people have parents, not all people have children.
  - kshacker 3y ago
    Well all of us are going to die, maybe when we are old, but could be earlier. There is an incentive for everyone to build a model for our old age.
  - underlipton 3y ago
    "Elders" might have been a more accurate wording. It's a community/social concern (hence, to some degree, and to great but non-comprehensive use, "social security").
    - hotpotamus 3y ago
      Fair enough. I'm a bit dubious of the idea of having children as a means of securing your retirement plan on a few grounds. I'll skip any moralizing about it and just say that I've seen people for whom it has failed somewhat spectacularly on a practical level and in a variety of ways. It would be nice to have that care provided by the community who can hopefully scale it a bit better.
avs733 3y ago
Because there is a group of business that have identified 'basic societally necessary services' as things where they can effectively do as they please and charge what they please. Eldercare isn't the only one - c.f. child care[1], health care, basic services like power and water. [1] https://www.nytimes.com/2022/12/16/us/child-care-centers-private-equity.html https://www.nytimes.com/2022/12/16/us/child-care-centers-pri...
- wolverine876 3y ago
  Higher education too.
  - avs733 3y ago
    don't remind me.

tacoooooooo 3y ago

Money

mc32 3y ago

Probably when the stock market became more prominent. Henry Ford wanted to pay his workers a decent wage, enough for them to afford his vehicle, but GM sued and now we have maximize profits having more say than other aspects of business. Chicken filet is closed on Sundays. —giving their workers a day of rest. Unlikely the case if they were public.

rootusrootus 3y ago
> giving their workers a day of rest I think it has more to do with the religious observance of the owner than a desire to give their workers a day of rest.
- NavinF 3y ago
  Yeah, not to mention the majority of fast food workers are part time. Why would any employer want to pay one person for 7 days a week which will almost certainly trigger full time benefits

ClumsyPilot 3y ago

> Why aren't those people ostracized and defunded. Even Jeffrey Epstein wasn't ostracized, people who are responsible for corporate mandlaughter aren't defunded. Can you name a single person who was? I dont think this ever really happens.

underlipton 3y ago

Business is essentially the practice of deferring accountability and delegating responsibility. Nursing homes themselves only exist because people won't or can't take care of their parents; essentially, you commodify care for the elderly, and now they're a resource to be gamed. The exploitation seems like it's kind of baked into how we Capitalism.

hotpotamus 3y ago
While all people have parents, not all people have children.
- kshacker 3y ago
  Well all of us are going to die, maybe when we are old, but could be earlier. There is an incentive for everyone to build a model for our old age.
- underlipton 3y ago
  "Elders" might have been a more accurate wording. It's a community/social concern (hence, to some degree, and to great but non-comprehensive use, "social security").
  - hotpotamus 3y ago
    Fair enough. I'm a bit dubious of the idea of having children as a means of securing your retirement plan on a few grounds. I'll skip any moralizing about it and just say that I've seen people for whom it has failed somewhat spectacularly on a practical level and in a variety of ways. It would be nice to have that care provided by the community who can hopefully scale it a bit better.

avs733 3y ago

Because there is a group of business that have identified 'basic societally necessary services' as things where they can effectively do as they please and charge what they please. Eldercare isn't the only one - c.f. child care[1], health care, basic services like power and water. [1] https://www.nytimes.com/2022/12/16/us/child-care-centers-private-equity.html https://www.nytimes.com/2022/12/16/us/child-care-centers-pri...

wolverine876 3y ago
Higher education too.
- avs733 3y ago
  don't remind me.