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Money spent on an employee to allow them to better raise a family is money not spent on a shareholder return that allows a retiree to swing on and off the cours
by lenerdenator 1y ago
Money spent on an employee to allow them to better raise a family is money not spent on a shareholder return that allows a retiree to swing on and off the course at a golf-centered retirement village in Florida.
Until you get a diversification in who holds most corporate shares (they're usually held by retirement and pension funds) you're going to see more of the same.
- dcow 1y agoI can’t see a way around it without more government incentive to combat the drift of gerontocratic capitalism. Children aren’t valuable anymore in the access to cheap labor sense because our economy has scaled beyond the phase where that’s a competitive x factor. Whether we created organically, or capitalism lead us into, a worldview where both parents are better off as good reliable corporate wage slaves, we’re at the point where dual incomes are expected which puts a lot of strain on any family wanting to actually raise their kids, which not too long ago was the default expectation. I am sure diversification of assets will help, but I don’t see 40 yr old “we’re over populating the earth” and “parents don’t know what they’re doing they aren’t suited to raising children” types having much shareholder empathy for an economy that takes a haircut to support 30 hour work weeks and 6 month paid parental leave. The feasibility of having children has to be supported by society and systems that work against it have to be kept in check.