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.

  • Changetheview@lemmy.world
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    1 year ago

    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.