After the Ford’s Jim Farley accuses the United Auto Workers union of wanting to bankrupt his company, labor leader Shawn Fain launches a historic strike of all three Detroit carmakers.
After the Ford’s Jim Farley accuses the United Auto Workers union of wanting to bankrupt his company, labor leader Shawn Fain launches a historic strike of all three Detroit carmakers.
It’s not just the CEOs, it’s the shareholders taking the lions share of the profit as well. Workers have been left behind when the efficiency of a company has been calculated and the benefits of the labour have been divided.
Yep. A giant reason for this whole mess is that the only real representation at the top of corporations are for the shareholders. Executives are elected by the board to do one thing: serve a fiduciary duty to the shareholders.
Workers might be lucky enough to be fed scraps of equity, but even that is rare now.
Not too long ago, corporate leaders in the US had a sense of dignity. They were always better off than most workers, but not by this level. Paying a fair wage to the labor that created the wealth was an intelligent and respected decision.
But a new generation came to power and has changed the whole game. Allowed and even celebrated greed. And instead of taking action to stop this, regulations have become more relaxed and allowed worker rights to erode.
Yadda yadda ….And the shareholders are your pension fund after everyone has had their cut , so where are you going to break the cycle ?
You start by paying people properly, and allowing them to lead meaningful lives.