2 ms·

In good times the worker bees' are told 'we need to be cautious for going forward, sorry, we're tightening the belt'. In bad times they are told 'we need to tig

In good times the worker bees' are told 'we need to be cautious for going forward, sorry, we're tightening the belt'. In bad times they are told 'we need to tighten the belt'. This didn't use to be the case. Large bonuses on good years were the norm in the USA. Businesses are exploiting employees' believing in the previous system that no longer exists in order to squeeze out a little more productivity today. But business doesn't realize they are harming their future dynamic with employees. People are catching on that the system has changed to 'heads the company wins, tails the employees lose'. Labor relations are going to go back to early 1900s adversarial style from the 1950s/60s 'the tide is raising everyone's boat' and EVERYONE will end up the poorer from it. Stock buybacks are an illegal manipulation of the stock market and should be made illegal again. They encourage this horrible destructive to the country/economy/workers/and ultimately companies policy.

_DeadFred_ 2y ago
To clarify, instead of building a strong company with a strong workforce as was the historical norm in the USA during it's prosperous times, companies 'invest' in stock buybacks, which do NOTHING to strengthen the company, their sole purpose is to manipulate the company's stock in the short term. Forget workers rights, we all need to 'unionize' (work in union) to eliminate stock buybacks and get them reclassified as stock manipulation like there were prior to Ronald Reagan's presidency. If companies want to 'give money away' with respect to stocks, they can issue dividends, which changes to dynamics of the stock market (Prosperous pre-1980s America's 'I buy a company because it will be strong long term and pay me dividends' versus enshitified 2024 American stock market's 'I buy stocks for short term one time capital gains at the expense of all else'). https://mavenroundtable.io/theintellectualist/news/stock-buybacks-were-once-illegal-why-are-they-legal-now https://mavenroundtable.io/theintellectualist/news/stock-buy...

_DeadFred_ 2y ago

To clarify, instead of building a strong company with a strong workforce as was the historical norm in the USA during it's prosperous times, companies 'invest' in stock buybacks, which do NOTHING to strengthen the company, their sole purpose is to manipulate the company's stock in the short term. Forget workers rights, we all need to 'unionize' (work in union) to eliminate stock buybacks and get them reclassified as stock manipulation like there were prior to Ronald Reagan's presidency. If companies want to 'give money away' with respect to stocks, they can issue dividends, which changes to dynamics of the stock market (Prosperous pre-1980s America's 'I buy a company because it will be strong long term and pay me dividends' versus enshitified 2024 American stock market's 'I buy stocks for short term one time capital gains at the expense of all else'). https://mavenroundtable.io/theintellectualist/news/stock-buybacks-were-once-illegal-why-are-they-legal-now https://mavenroundtable.io/theintellectualist/news/stock-buy...