This is why capitalism is broken

[Invisibleflash]

Retailers shortchanged frontline workers despite booming profits during pandemic

Frontline workers at 13 of the 20 top U.S. retail companies saw an average pay increase of just $1.11 an hour, or 10%, a new analysis found.

money.yahoo.com

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!

OP, it broke because we sold out to Mehico for cheap labor and China for cheap goods.

 

[danielpalos]

Retailers shortchanged frontline workers despite booming profits during pandemic

Frontline workers at 13 of the 20 top U.S. retail companies saw an average pay increase of just $1.11 an hour, or 10%, a new analysis found.

money.yahoo.com

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!

OP, it broke because we sold out to Mehico for cheap labor and China for cheap goods.

What if Congress imposes a tariff to equalize wages? In other words, firms will have to pay what they pay now in US wages regardless of where they go.

 

[Invisibleflash]

Corporatism and Capitalism are Different » Gen Z Conservative

Regardless of what modern socialists and left-wing nut jobs say, corporatism and capitalism are different systems. Read about the distinction here!

genzconservative.com

Always remember that corporatism and capitalism are different. Recognizing that distinction is crucial to the survival of capitalism. Once it is recognized, we can start to defend capitalism in America and root out the corporatist elements of our current economic system


An apt, and to the 'point' article Mr B....


~S~

Can't root them out...that is fee market capitalism....warts and all.

Your dream world capitalism is the same as dream world communism and falls under the auspices of...if grandma had balls she would be grandpa.

 

[danielpalos]

Capitalism must be broken if we have any homeless problem in our first world economy.

 

[Billy000]

Billy000
Democratic Socialist

Socialist- everyone is equal- except the more equal - you should be quite happy with the numbers you quoted.

No, you really don’t understand what socialism even is.

 

[ralfy]

Only for the Poor but not the Rich?

From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.--https://www.epi.org/publication/ceo-compensation-2018/

Of course, and in place from the start. Look up what Henry Ford did.

 

[danielpalos]

Only for the Poor but not the Rich?

From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.--https://www.epi.org/publication/ceo-compensation-2018/

Of course, and in place from the start. Look up what Henry Ford did.

Besides raise wages?

 

[ralfy]

Besides raise wages?

Greater productivity via Taylorism coupled with layaway plans.

 

[danielpalos]

Increasing purchasing power for Labor as the least wealthy in our economy, what a capital concept.

 

[georgephillip]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

 

[danielpalos]

...we are not solving for actual economic phenomena in a market friendly manner. It really is that simple.

 

[Toddsterpatriot]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

 

[danielpalos]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

 

[dblack]

Retailers shortchanged frontline workers despite booming profits during pandemic

Frontline workers at 13 of the 20 top U.S. retail companies saw an average pay increase of just $1.11 an hour, or 10%, a new analysis found.

money.yahoo.com

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!

*sigh* - more socialist horseshit.

 

[Toddsterpatriot]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

You pretend being unemployed makes you useful, we'll pretend to give you UC,

 

[danielpalos]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

You pretend being unemployed makes you useful, we'll pretend to give you UC,

You have no fine Capital solutions right wingers. Simple bigotry is all y'all have not any valid arguments. Equal protection of the laws is a right guaranteed by our federal Constitution.

 

[Toddsterpatriot]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

You pretend being unemployed makes you useful, we'll pretend to give you UC,

You have no fine Capital solutions right wingers. Simple bigotry is all y'all have not any valid arguments. Equal protection of the laws is a right guaranteed by our federal Constitution.

My solution is the finest. No work, no pay.

 

[danielpalos]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

You pretend being unemployed makes you useful, we'll pretend to give you UC,

You have no fine Capital solutions right wingers. Simple bigotry is all y'all have not any valid arguments. Equal protection of the laws is a right guaranteed by our federal Constitution.

My solution is the finest. No work, no pay.

Capitalists used to just criminalize poverty not solve it. That is how useless free market capitalism is without the goalposts fixed by Government.

 

[Toddsterpatriot]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

You pretend being unemployed makes you useful, we'll pretend to give you UC,

You have no fine Capital solutions right wingers. Simple bigotry is all y'all have not any valid arguments. Equal protection of the laws is a right guaranteed by our federal Constitution.

My solution is the finest. No work, no pay.

Capitalists used to just criminalize poverty not solve it. That is how useless free market capitalism is without the goalposts fixed by Government.

Your laziness, stupidity and poverty is not a crime.

 

[danielpalos]

Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

Real wages have been stagnating for generations in this country:

Real wages - Wikipedia

At some point this society will have to decide when some of its citizens have too much wealth.

Why wages instead of compensation?

Because under Capitalism only capital must circulate in our economy. UC could solve simple poverty in our at-will employment Sates and ensure capital circulates on an Institutional basis and automatically stabilizing manner.

You pretend being unemployed makes you useful, we'll pretend to give you UC,

You have no fine Capital solutions right wingers. Simple bigotry is all y'all have not any valid arguments. Equal protection of the laws is a right guaranteed by our federal Constitution.

My solution is the finest. No work, no pay.

Capitalists used to just criminalize poverty not solve it. That is how useless free market capitalism is without the goalposts fixed by Government.

Your laziness, stupidity and poverty is not a crime.

They used to have property qualifications to vote in the past.