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Joshua Erlich@joshuaerlich.bsky.social |
a thing I’ve really woken up to in recent years is the extent to which capitalists refuse to pay employees fairly as an ideological matter. it’s not maximizing profit or reallocating capital. it’s not even greed, per se. it’s just power.
60 replies 646 reposts 2119 likes
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@playon.bsky.social
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Like how they want everyone to come into work as usual even while the pandemic is still happening. The bosses miss telling people what to do in person.
1 replies 2 reposts 18 likes
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☀️ Starshine
@starshine.bsky.social
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this is something Kalecki talked about quite a bit!
0 replies 0 reposts 10 likes
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Seasoned Bloghouse Correspondent
@realuniqlo.bsky.social
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www.sciencedirect.com/science/arti...
0 replies 0 reposts 0 likes
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midi
@atmidimidi.bsky.social
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And this holds the answer to “Isn’t $N million enough money for one person?” Money and power are fungible, and once you have that much power, you get to thinking you can never have too much power (i.e. money).
0 replies 0 reposts 3 likes
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kbees 🍉
@beesnotbombs.bsky.social
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the bosses have a level of class solidarity that we can only dream of
0 replies 0 reposts 0 likes
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??
@jojosbizarrelife.bsky.social
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You know they willingly spend a ton of money for no reason, prop up a whole parasitic industry, just so they can get the nut from hearing someone whose loved ones need that health insurance groveling for their job before firing them.
0 replies 1 reposts 9 likes
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Liane Yvkoff
@liane.bsky.social
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He considered buying the wapo and selfless act of charity. When he gives money to famous people’s charity he is buying friends.
0 replies 0 reposts 1 likes
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Saskia Daniel
@hasenschneck.bsky.social
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Not capitalists. Billionaires.
0 replies 0 reposts 1 likes
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Yastreblyansky
@yastreblyansky.bsky.social
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Not necessarily even that. They're even sorry about it. It's a solemn duty, like throwing the virgin into the volcano. The sacrifice the market gods require.
0 replies 0 reposts 6 likes
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Hawaiian-ish Kelly🌺
@hawaiian-ishkelly.bsky.social
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0 replies 0 reposts 0 likes
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Madame Hardy
@madamehardy.bsky.social
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See Starbucks CEO, who wanted to think of himself as the generous CEO, and was/is really really angry at the employees wanting things he hadn't chosen to give them. How dare you unionize when I have decreed that you are happy!
0 replies 0 reposts 5 likes
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Greg Greene
@greene.haus
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The groveling, they love it. They seek it as an end into itself. I might not have been cynical enough to even consider the thought before the pandemic, but now I don't even consider it cynical; it's just plain to see.
1 replies 6 reposts 77 likes
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Baby Fatt
@babyfatt.bsky.social
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So. True.
0 replies 0 reposts 0 likes
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zenosAnalytic
@zenosanalytic.bsky.social
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yeah, it's all about enforcing hierarchy. Inflating their compensation to historically nonsensical degrees, and denying their workers a fair wage is purely ago the ego to them; about assuring themselves of their ~superiority~ through enforcing ~inferiority~ on others. It's disgusting.
0 replies 0 reposts 2 likes
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Bryce Covert
@brycecovert.bsky.social
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Also why they oppose unionization, even if doing so might materially damage their brand and employee productivity
0 replies 0 reposts 7 likes
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@bagofbleeps.bsky.social
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There are activist investors who will punish you for paying employees too much.
0 replies 0 reposts 5 likes
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Jumpman MD
@jumpman-md.bsky.social
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@theryusui.bsky.social like you always say—to the Bezos of the world, the Cruelty Is The Point
1 replies 0 reposts 1 likes
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Martin Schneider
@wovenstrap.bsky.social
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I think it was in bad taste to put Blofeld as the lead image—— *touches finger to ear* Oh I see, never mind.
0 replies 0 reposts 0 likes
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Veith
@veith.bsky.social
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There are no fair wages, just the negotiated status quo.
0 replies 0 reposts 0 likes
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Eric Bunson
@bunson8r.bsky.social
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I feel like you often see this as well when the labor organizers. Rich people would rather shutter the business than pay any wages to union employees. Even if they would still make money.
0 replies 0 reposts 2 likes
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Ponti Min 🏴 🇪🇺 🇺🇦
@pontimin.bsky.social
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Desire for power is one of the main things motivating powerful people. Why? because to get powerful requires a lot of effort, which you're not going to put in unless you really want power.
0 replies 0 reposts 1 likes
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Tony from Welly
@tonywelly.bsky.social
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One of his boats would be worth $100 million 😔
0 replies 0 reposts 0 likes
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Ali
@friendofcheese.bsky.social
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To be fair, there are probably multiple tax dodges in all of that activity.
0 replies 0 reposts 6 likes
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George Pearkes
@peark.es
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Kalecki.pdf
0 replies 0 reposts 1 likes
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TheTruthIsBlue 🗽🌊💙🇺🇸🦅⚖️
@thetruthisblue.bsky.social
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Like this?
apnews.com/article/jare...
0 replies 0 reposts 0 likes
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WildGorillaMan
@wildgorillaman.bsky.social
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You’d think with all that money, he’d treat himself to a better cyborg eye.
1 replies 0 reposts 1 likes
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✡️Sarcastic Barbie לֵאָה (tradwife arc)👩🏽🦽
@sarcasticbarbie.bsky.social
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Everyone pressure the fuck out of people to end their subs. Stop advertising in that paper. I’m just saying vote with your wallet, pressure with your funds. Bands make them dance, & I’m sick of them throwing people to be sacrificed to the capitalism god as if some ritual. “WE MIST EXPLOIT YOU.”
0 replies 0 reposts 0 likes
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Gooop
@gooop.net
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It's class solidarity, but the bad kind. Billionaires are great at it.
0 replies 0 reposts 1 likes
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Susieus Maximus
@susieusmaximus.bsky.social
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If he values their labor highly, it implies that he gives them some measure of credit for his success. His ego can't handle that, it has to be that they're all interchangeable and the only important factor is his own singular brilliance.
0 replies 0 reposts 2 likes
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Engels in the Outfield
@nostaticatall.bsky.social
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0 replies 0 reposts 2 likes
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🍗
@werechicken.bsky.social
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The rich think we don’t deserve more than Pennie’s because we weren’t born into wealth.
0 replies 0 reposts 1 likes
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Alice
@thealice.bsky.social
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In most cases it would flat out be better for them to pay their employees better
0 replies 0 reposts 1 likes
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Daniel 🦁
@eikonos.bsky.social
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the US spends more on healthcare per capita than nations with public healthcare, and private healthcare is a factor keeping people from changing jobs so once again, it's not about budgeting, it's about control
2 replies 4 reposts 24 likes
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Paul Arzooman
@zoopaul.bsky.social
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This is why for me quitting a job should be the same as being fired. They give you no notice so you owe them no notice.
0 replies 0 reposts 3 likes
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Good Eye Sniper
@blakes14.bsky.social
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I’ve noticed a trend in my field (class action litigation) that I think is related to this. Companies are pursuing scorched-earth litigation strategies when it would make more financial sense to settle and move on for no apparent reason other than “fuck you, aggrieved consumer”
0 replies 2 reposts 10 likes
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Ashton
@ashtonk.bsky.social
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It’s often quite self destructive, since demoralized and underpaid employees are very unproductive. There are a lot of companies that could generate more money by investing in people. The guy who invented flaming hot Cheetos was a janitor, for example.
0 replies 0 reposts 1 likes
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Greg Cawsey
@gregcawsey.bsky.social
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It’s supply and demand.
0 replies 0 reposts 0 likes
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Warhammerchick
@celticdragon1.bsky.social
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Stealing the commons from the goose. This has been going on for centuries.
0 replies 0 reposts 1 likes
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@ehg.bsky.social
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WGA strike drove this home for me too. The companies had the money, they just *hated* the power differential that writers might actually have the leverage to make them pay it.
0 replies 0 reposts 0 likes
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Verity Vagary
@mgcomics.bsky.social
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This is also one of the reasons they forced workers back to in-person jobs that are totally do-able from home
0 replies 0 reposts 1 likes
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Matt E. Reals
@innerpartisan.bsky.social
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Yeah, that's the real poison. Not money or riches - POWER. The line about power and corruption is very old, but very true. Power is perhaps the most potent drug imaginiable, and there are very, very few people who aren't utterly ruined by it.
0 replies 0 reposts 1 likes
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Dennis A.
@dnnsa.bsky.social
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At least his ex-wife chose to do some good with all the excess money.
0 replies 0 reposts 1 likes
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Kip Williams sort of
@kipwilliams.bsky.social
[ View ] |
The cheap labor thing seems even more basic than prejudice to the bosses who run it, and they'll get away with it as long as they make prejudice their brand.
1 replies 1 reposts 2 likes
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Jim Mooney
@cybervigilante.bsky.social
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Maybe Jeff should stop the WaPo from being a rotten, lying government-propaganda outlet - and get back to just reporting. They have fallen Far from Watergate.
0 replies 0 reposts 0 likes
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James Schmeling
@jschmeling.bsky.social
[ View ] |
This is why I'm always amazed we don't have more ESOPs and co-ops. There are enough smart people to build them. Maybe there just aren't enough who aren't also greedy or hungry for power or both.
5 replies 0 reposts 19 likes
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Haere
@haere.bsky.social
[ View ] |
many legally actionable thoughts
0 replies 0 reposts 3 likes
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ElliottScribe
@futfanatico.bsky.social
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shareholders and management know they hold all the cards both with anti-union laws AND pro-them slanted bankruptcy laws. They want everyone as close to minimum wage and poverty line as possible
0 replies 1 reposts 5 likes
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Two Sets of Testicles, So Divine
@plankysmith.bsky.social
[ View ] |
Yep
0 replies 0 reposts 0 likes
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Null convention
@nullconvention.bsky.social
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Wealth for these guys is about exerting control and setting precedent. They don't want to be obligated to pay, they don't want to set the precedent of paying. The god-kings no longer have anything normal to spend money on, so it has become an exercise in power.
0 replies 0 reposts 6 likes
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Michael Kaplan
@differance.bsky.social
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“Just power” still begs the question
0 replies 0 reposts 0 likes
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patsy
@pattison.bsky.social
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i fail to see the controversy here. jeff isnt running a business as a charity? you expect him to top-up the wapo with a hundred million every year. i know he can afford it but seems like his choosing not to is reasonable.
0 replies 0 reposts 0 likes
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Lisa Carnochan
@amidprivilege.bsky.social
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Money feels like it extends identity, selfhood, life size
0 replies 0 reposts 0 likes
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Estella
@begentle.bsky.social
[ View ] |
Hmmmm
0 replies 0 reposts 0 likes
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Rene
@burdenofmemes.bsky.social
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I’ve seen it in the non-profit sector. Our benevolent dictator laid off the employees in his money-losing legacy project as soon as COVID closings began and they could not work entirely from home. He would have lost the same amount of money if they’d worked or not, but he couldn’t owe it to them
0 replies 0 reposts 3 likes
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Wandering White Shark, PhD (he/him, still pagan)
@drseapearl.bsky.social
[ View ] |
power and precedent... exactly how my college has acted towards me...
0 replies 0 reposts 0 likes
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April Wolfe
@aprilwolfe.bsky.social
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Like landlords who refuse to lower rents even when their apartments are empty or companies that spend more money on union busting than they would if they just paid employees fairly. It's more a matter of principle that keeps the plebs in check.
3 replies 24 reposts 195 likes
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Julia S.
@booktweeting.bsky.social
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millions for the children of veterans, nothing for actual employees many of whom are veterans or veterans’ children themselves
0 replies 0 reposts 2 likes
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Jade Cargill stan account 🍉🇺🇦🇺🇸
@adaytaramember.bsky.social
[ View ] |
It is very radicalizing, for sure
0 replies 0 reposts 6 likes
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new year same claire
@clairez22.bsky.social
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a big one for me was the writer’s strike, seeing how much $ owners would throw away just to hold power
0 replies 0 reposts 5 likes
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康子 🇵🇸 @ 702 KHive St
@yasuko.bsky.social
[ View ] |
100 million is a drop in the bucket for Bezos. Lol what a fucking worm.
0 replies 0 reposts 0 likes