At a conference last week at the Dallas Fed, the corporate leaders onstage declared that the era of across-the-board raises was over, and would never return.
Troy Taylor CEO of the Florida Coke franchise put it succinctly: "It’s just not going to happen. [A general raise is] absolutely not in my business."
The moderator asked the panel whether there would be broad-based wage gains again. "It's just not going to happen," Taylor said. The gains would go mostly to technically-skilled employees, he said. As for a general raise? "Absolutely not in my business," he said.
John Stephens, chief financial officer at AT&T, said 20% of the company's employees are call-center workers. He said he doesn't need that many. In addition, he added, "I don't need that many guys to install coaxial cables."
It was once the standard that firms that performed well would give all their employees an annual raise, in part to acknowledge workers' contribution to the business's fortunes, in part to ensure that wages kept pace with inflation (otherwise workers would be suffering a real-terms pay-cut every year).
American firms are more profitable than ever, and enjoying never-seen low rates of taxation, but the new profits and retained earnings are being diverted to financial engineering schemes like stock buybacks that enrich shareholders, while workers' wages have suffered from decades of stagnation.
Youre a brainwashed little cuckold for the rich, let me elaborate.
Youre likley one of these idiots who says things such as,
"Oh, lol idiots at McDonalds want 15 dollars an hour cause I love to suck penis" etc, okay
Instead of paying them 15 dollars an hour how about I just knock your paycheck for the food stamps and the healthcare McDonalds, and the other rich corporations dont want to pay for. You see, These corporations - without you even knowing - have turned you into their little cuck that argues their points, for no reason
Seriously think about it
What detriment is it to you if Mcdonalds pays 15 bucks an hour. Like does that come out of your bank account, NO. But youre all. OMG them getting 15 an hour… wtf
…See. Dance little puppet. Dance.
Now tell me why I lived in America and I figured this out. Why do I have to explain it to so many others, fucking why
Michael Morgan
Which "unemployment numbers" you absolute brainlet
Unemployment numbers mean fuck all you brainlet. They were going down throughout Obama's presidency but no one ever claimed that he had a good economy, it's just the corporate media spinning it as a Trump revival because they like the tax cats, which won't be going towards the workers.
Raising the minimum wage or the wages for unskilled workers in general worsens inflation and raises the prices for everything, eventually negating the raises for these workers in the first place. Look at Northern european countries where everything is expensive as shit despite having high wages.
Ryder Walker
Northern European countries don't have min wage. All wages are debated between employers and employees via unions.
Logan Jackson
Northern Euro countries are also generally better than the US on nearly every metric
Evan Gutierrez
t. Amerifat
Parker Gomez
Anyone who hasn't deduced that states are bribing multinational and playing beggar thy neighbour with "tax competition" is retarded. This is my supporting thing like brexit and Trump's attacks on NAFTA are in our interest.
Gavin Mitchell
triggered lil bitch mod censored this remark, so here it is again: He can live scott free. Or he can not. It's the Koch's money to spend. Okay, let's look at a chain of events. Richest man on the planet, Jeff Bezos. He was born to two 17 year olds, last time he saw Bezos was when he was 3. Bezos starts a company, selling books out of his garage online after saving up money working at jobs. Makes a company called Amazon. It provides a service people want, disrupts an existing market place. He made it, so he owns it. Any of his employees could have made their own competitor, but chose not to, either because of some trust in his leadership, or not wanting to risk their home to get out loans for a business, or because they wanted a steady paycheck. The company continues to grow, and eventually it goes public and is sold on the stock market. Now, a lot of people want a piece of it, so you have groups like teachers unions, or police pension funds, or private individuals. And since there's a limited amount of shares, the prices go up, because everyone wants a piece of Amazon. Now, he has all this money, and since it's his money, he decides to give it to his kids. That's why. And to take from him would be an evil act, as you would be stealing. All those exchanges were voluntary, and you would be bringing a gun into the equation and taking his money at gunpoint
Chase Diaz
Labor has a cost, and a value. If you don't have the ability to work anything but a cash register, well, sorry, you can't afford a lambo. Society has to be functional and ethical if it is to have any standing, and capitalist liberal democracies are the most functional and the most ethical societies we have ever observed, and continue to increase the living standards for everyone, including the poor and people not even in the capitalist liberal democracies.
Unfortunately what you fail to realise is that in reality there are limits to what we have and can produce. Thus, there must be rationing. How is it to be done? In your system, there is someone who chooses. Who lives and who dies, even, in the case of healthcare. Who has and has not might be more apt. That person is a human being, ultimately corruptable. In a capitalist society, that choice is based upon the ability of the person to prove their merit through acquisition of money.
Camden Campbell
Forcible takeover and redistribution of corporate wealth is the right answer, pity noone is powerful enough to do this.
Evan Ortiz
It's not voluntary when the state is used to: - allow Amazon to declare monopolies over ideas (intellectual property) - allow Amazon to declare ownership over land and natural resources, supported by a police system that forcibly taxes workers - subsidize Amazon with government t contracts paid with taxation - intervene in the labor market in Amazon's favor by restricting the actions of private individuals to organize (right-to-work laws, illegal strikes, etc) - give Amazon a competitive advantage over other businesses through selective tax breaks
Face it, your system cannot exist without the massive hand of the state.
when will this "libertarianism" meme end? the sick fucks pictured there are fascists under false flag. the term "libertarianism" originally belongs to european anarcho-syndicalists, infact there are some anarcho-syndicalists in my town who still call themselves "libertarian".
― Murray N. Rothbard, The Betrayal Of The American Right
"fascism" wasn't a very popular word after wwii, certainly more so among jews than among others, so elitist bourgeois needed another brand name. they chose "libertarianism", "objectivism" and "neoliberalism".
yeah, it sure looks like a real shithole up in northern europe.
Elijah Powell
You dumb motherfucker. It's not about giving everyone a stupid luxury car, it's about ensuring everyone gets the full value of their labor and doesn't need to worry about the means to life like healthcare, food, and shelter. How this is actually accomplished is through socialism. Bourgeois democracy is not structured to serve people, it's structured to serve profit and has outlived its usefulness as the rate of profit winds ever downwards.
Carson Foster
and capitalist liberal democracies are the most functional and the most ethical societies we have ever observed, i'm sure you actually believe this. meanwhile capitalism is about not having ethics at all. pic related: capitalist liberal democratic "ethics"
here i'm not sure whether i should laugh about a dumb blatant lie or pity your dumbness/ignorance. perhaps i'll save the laughs for next time when you whine about social/communists wanting more "equality".
