this post was submitted on 08 Sep 2023
886 points (98.6% liked)
unions
1663 readers
3 users here now
a community focused on union news, info, discussion, etc
Friends:
- https://lemmy.ml/c/labor
- https://sh.itjust.works/c/unions
- https://lemmy.ml/c/coops
- https://lemmy.ml/c/antitrust
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
$500m out of a $10b profit is 5% loss. It it gets up to $1b out of $10b, then that's a 10% loss. I'm not sure you can say that's not irrelevant. These businesses are losing tons of money.
It's more of a comment on the production companies saying they came afford to meet strikers' demands yet can report numbers like that to their shareholders.