Progressive Politics

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TokenBoomer

After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs (www.commondreams.org)

submitted 5 days ago by TokenBoomer to c/progressivepolitics

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"The corporate cure is always the same—lay off workers," said one critic. "Stock buybacks and layoffs are joined at the hip. It's time they were outlawed entirely."

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[–] [email protected] 9 points 4 days ago (1 children)

The 1980s is when the baby boomers discovered the stockmarket but hadn't learned from the 1920s why some forms of regulation exist and then they just continued that mentality right up to the present.

[–] stoly 2 points 4 days ago

The last baby boomer turned 21 in 1985 so that tracks.