Corporations are already wealthier than ever before. There is no incentive for these corporations to invest in labor when it is just easier to save money on tax cuts. Meanwhile, the deficit explodes and only executives benefit.
Even if corporate profits weren’t at an all time high, there is still a fiduciary responsibility to maximize profit. How, in part, do you maximize profit? By not investing in labor and accepting the economy as is. Right now, higher wage jobs are extremely competitive among workers while lower income jobs fill quite easily.
Lower wage workers are at the mercy of the economy. While it may be easy for republicans to call them lazy, it ignores the complexity of what creates poverty. Low wage workers do not have the time or money to spend on education that would make them qualified for skilled jobs. Of course, let’s pretend ALL workers did this. Who would be left behind to fill those entry level jobs that keep any business afloat?
Even if corporate profits weren’t at an all time high, there is still a fiduciary responsibility to maximize profit. How, in part, do you maximize profit? By not investing in labor and accepting the economy as is. Right now, higher wage jobs are extremely competitive among workers while lower income jobs fill quite easily.
Lower wage workers are at the mercy of the economy. While it may be easy for republicans to call them lazy, it ignores the complexity of what creates poverty. Low wage workers do not have the time or money to spend on education that would make them qualified for skilled jobs. Of course, let’s pretend ALL workers did this. Who would be left behind to fill those entry level jobs that keep any business afloat?
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