sacking hundreds of actually productive employees.
If they were “actually productive”, sacking them would hurt the bottom line, not help it.
sacking hundreds of actually productive employees.
If they were “actually productive”, sacking them would hurt the bottom line, not help it.
You lot are constantly talking about how workers are uniformly short-changed on their labor by their employers, underpaid for it and therefore being a profit source for employers, but you never explain why any business would do layoffs like this if that was the case, lol. Do these people who got laid off make the company money or not?
70% of that $2.4 million should have been taxed
It’s literally post-tax income already, lol.
The only way to fight this is to raise the minimum wage to something that is livable for the average worker.
Then what do you do when only the Amazons and Walmarts of the world with the deepest pockets can afford that, and small business basically ceases to exist, as a result? People talk a lot about ‘if you can’t pay a livable wage you don’t deserve to be in business’, but the same people also complain about monopolies and lack of choice at the same time. How do you propose this be reconciled?
Also, no one’s ever going to be able to begin to enforce a “living wage”, even if they wanted to, until that wage is given a concrete definition–at the very least, a formula with variables to account for cost of living differences across the country. Until then, all this clamoring for a “living wage” is completely pointless.
Labor is the source of all profit. How would the company make money if no one did anything?
Charge the customer more for the finished product than what it cost to produce it. Obviously.
The simple fact is that if employees were a source of profit, businesses would all try to hire as many people as they possibly could, because not doing so would literally be leaving money on the table for no reason. But obviously that is not what goes on. When a business is in trouble financially, what’s more common, a hiring freeze, or a hiring spree?
making massive profits off the work of their employees.
Labor is a cost, not a source of profit, what kind of moronic statement is this? If employees were a source of profit, the notion of downsizing would never exist–why would a company ever lay anyone off, if workers create more value than their wage?
Even the founder of Costco (only stepped down as CEO a few years ago), a company famous both for how well it treats its customers, and its workforce?
Nope, 66% increase then, just checked.
Sounds rough. But I wasn’t trying to invalidate the other guy (nor you now), just making a point that individual circumstances don’t dictate the state of things overall.
Guess the juxtaposition by itself was too subtle to convey that, lol. Oh well.
Millennial and I’m making over twice at much as I was in 2012. 🤷♀️
Yeah, if someone shoplifts from a store, the punishment/penalty should not involve confiscating the car they drove to the store, lol.