this post was submitted on 19 Jan 2024
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Work Reform

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[–] EdibleFriend 362 points 11 months ago* (last edited 11 months ago) (61 children)

Doesn't even question what employees are possibly doing. Just says there are too many and they must be put out on the street. Says the people who are left are making too much money.

I say this a lot but....seriously....when do we start burning things?

[–] [email protected] 21 points 11 months ago (14 children)

Yeah, I'm not sure I really get this whole "reduce employment" logic. Like if some product just isn't profitable and you lay off the employees you hired to work on it, that's not surprising, but if the employees are doing something profitable, and you actually needed to hire that many to get whatever it was you hired them for done, shouldn't it be more profitable to a company to keep them, even if one had a large number?

[–] AllonzeeLV 34 points 11 months ago* (last edited 11 months ago) (11 children)

Moreover, if all the oligarchs are doing it, and they are, who will be left to buy their products/services?

They're breaking their own ponzi scheme economy for a few more quarterly profit boosts because there's nowhere else to grow/metastasize. Media companies are making less media. Food makers are making less product types. Their profit is coming out of gutting workers and their ability to produce what their economic sector produced in the first place.

This is a terminal stage market capitalism fire sale. The snake is eating its own tail having conquered the board.

[–] instamat 10 points 11 months ago

They’re not thinking long term, they want immediate and maximum profits

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