This is why capitalism is broken

[Billy000]

Personal Finance Home Page - Yahoo Finance

At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

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!

 

[fncceo]

There isn't a single person in the US (who isn't incarcerated) working a job involuntarily.

If you're working a job for less than you feel you are worth, that makes you a fool.

 

[theHawk]

Personal Finance Home Page - Yahoo Finance

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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!

Hey asshole, all the big corporations backed your guy, Beijing Biden. Dems are locking down businesses, putting them out of business and putting many out of work. But Amazon profits are up ten fold.

So enjoy your new America, where giant multinational corporations make bank and the middle class disappears.

 

[theHawk]

average pay increase of just $1.11 an hour,

And that will go down if Beijing Biden is sworn in. He’s already promised millions of new third world immigrants, which will drive down wages for Americans. So what the fuck are you complaining about? You voted for this shit.

 

[theHawk]

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

What a load of shit. Capitalism isn’t broken. Government has shut down half the businesses in this country. All the competition of Amazon is shut down, all thanks to Dems and their scamdemic.

Biden’s new cabinet is already full of corporatists that want to destroy the middle class and import cheap labor.

 

[Chuz Life]

Personal Finance Home Page - Yahoo Finance

At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

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!

You skipped economics class (a LOT.)

Didn't you.

 

[Billy000]

There isn't a single person in the US (who isn't incarcerated) working a job involuntarily.

If you're working a job for less than you feel you are worth, that makes you a fool.

Well here is some simple logic for you. You ready? It is mathematically impossible for every or even most of these low wage workers to get a better paying job. Why? Because they don’t fucking exist. You do get that right? Higher paying jobs are few and far between.

 

[Billy000]

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

What a load of shit. Capitalism isn’t broken. Government has shut down half the businesses in this country. All the competition of Amazon is shut down, all thanks to Dems and their scamdemic.

Biden’s new cabinet is already full of corporatists that want to destroy the middle class and import cheap labor.

Oh so now you’re blaming the government for these corporations having record high profits? Oh gee what a convenient explanation lol. I thought government made high profits hard to attain.

 

[fncceo]

Higher paying jobs are few and far between.

I never had trouble finding one.

 

[Billy000]

Higher paying jobs are few and far between.

I never had trouble finding one.

For fuck sake lol. Why do I even bother explaining this basic shit to you people?

 

[fncceo]

For fuck sake lol. Why do I even bother explaining this basic shit to you people?

I've often wondered the same. And yet ... you continue to drone on like a street preacher.

 

[sparky]

Doubtless that heavy economic swells are on our horizon ~S~

 

[fncceo]

Higher paying jobs are few and far between.

I think if most people in service jobs were to honestly appraise their value to their employer, they would come to the conclusion they are grossly over-paid.

 

[MisterBeale]

Higher paying jobs are few and far between.

I never had trouble finding one.

For fuck sake lol. Why do I even bother explaining this basic shit to you people?

Most the folks on this board are twice your age.

You don't know shit.

 

[MisterBeale]

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

 

[MisterBeale]

 

[fncceo]

All corporations are evil!

Except, of course, the one you work for.

 

[sparky]

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~

 

[Soupnazi630]

There isn't a single person in the US (who isn't incarcerated) working a job involuntarily.

If you're working a job for less than you feel you are worth, that makes you a fool.

Well here is some simple logic for you. You ready? It is mathematically impossible for every or even most of these low wage workers to get a better paying job. Why? Because they don’t fucking exist. You do get that right? Higher paying jobs are few and far between.

Wrong

 

[Soupnazi630]

Higher paying jobs are few and far between.

I never had trouble finding one.

For fuck sake lol. Why do I even bother explaining this basic shit to you people?

because you are out of touch and wrong.