Work Reform

9827 readers

1458 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

founded 1 year ago

MODERATORS

[email protected]

790

CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds (www.theguardian.com)

submitted 1 year ago by [email protected] to c/[email protected]

101 comments fedilink hide all child comments

These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 1 year ago (1 children)

You didn’t invest because you wanted to take away employee’s earned value to yourself.

The fact that this ends up being the way that companies create more 'shareholder value' is a particular disease of modern neoliberalism. What you describe seems to me more similar to how companies in the US were run in the 1950s. More of a 'rising tide lifts all ships' approach that was used before management became antagonistic towards labor (viewing business units as 'cost centers' etc...). Its a particular framing that I think we can say does not guarantee any kind of result of profitability, but seems particularly enshrined in modern management culture.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Its a particular framing that I think we can say does not guarantee any kind of result of profitability, but seems particularly enshrined in modern management culture.

It's enshrined in a management culture that has largely conquered labor through a mixture of anti-union measures and taking capitalism global so that they can pay as close to zero as possible for labor in other countries.

Sure, the products and services (and the country) all suffer, but nobody really seems to give a shit about that.