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> but how is stock-based wealth taking away from lower income workers? Workers could have some/more of that stock. Nearly all workers own precisely zero share
by standardUser 1y ago
> but how is stock-based wealth taking away from lower income workers?
Workers could have some/more of that stock. Nearly all workers own precisely zero share of the companies they work for, despite what this tech-oriented crowd might imagine. So when a company does well and the ownership's wealth surges, the worker bees only benefit down the line if they're able to successfully lobby for a raise. Though that doesn't always work, since the factors that drive up stock values often involve things like laying off expensive workers, cutting benefits and freezing pay. Huzzah.
So it's not exactly "taking away" anything, it's more that the entire system is stacked to ensure the workers don't have anything to take away to begin with.