this post was submitted on 27 Feb 2025
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"Nearly half of US employees admit to time theft!"
Nah, it's the other way around. Company profits of any kind are wage theft.
I mean a company does need to make profit. Excessive profits is another thing.
Yeah the "great work guys, we doubled the EBITDA this year. Congratulations!...Here's your 3% raise" kind of sucks
Yup, I agree. But you know, if I don't have that trillion dollars in my bank account yet, I can't afford to give you more.
/s
Nope, any profits not reinvested in the company itself, or the employees is wage theft. Full stop. Capitalism is a scam we've been fed so rich assholes can get richer.
I think it's a bit unfair to blanket statement that capitalism is a scam. There need to be checks in place. Like, I agree it's not fair that me as a business owner can simply say "this year we are skipping raises, and I am paying myself 2 billion". There's no reason any one person needs a trillion dollars. That's an insane amount of money. Even 100 million is a shit ton of money. There definitely need to be checks in place, but I don't think communism is the answer either.
This isn't clear to me what you're saying "nope" to. How I said companies need to make profit? If so, they do. If they do not make profit they lose money, if they lose money they can't reinvest into themselves or pay wages. Or maybe I misunderstand what you meant by "nope".
capitalism is not only a scam to prop up our owners and make us slave away for them but its also destroying the literal planet we live in to keep them in power.
the only way capitalism can be good is when it dies.
What's the solution then?
i like socialism. you can pick your poison from any leftist ideology that speaks to you.
@umbrella @cyberpunk007 Some big UK brands don't run on an "all money is for one guy" model. John Lewis (dept store) and Waitrose (supermarket) are a partnership: the staff own it. Then we have lots of Co-operatives but the main one is mostly known for being a supermarket: member/ownership is £1 and you can vote at the AGM, get discounts and choose charities. It's not perfect - they all exist in a capitalist system - but there are other ways of running businesses that aren't for pure profit.
even if some people have the blessing of having comfortable well paid work. we want good work for all, not just a few blessed people. and you can do that by simply eliminating profit and turning it into fair compensation/free time. you listed an example of how yourself.
problem is, history shows capitalism always tends to monopoly. im not familiar with these brands you mention, but my country also had a lot of coops. still governed by a heinous system, with heinous shit happening because of it. as it ended up, the rules are very unforgiving to them and its hard to have one scrape by nowadays because the burgeoise demanded more profit.
same how they demanded we go back to work because the system cant fathom that we stop for a little bit to avoid the fucking plague. or how they demand some people to be homeless for a few to have hundreds of homes to rent.
we depose those who rule us then we can decide for ourselves.
No they do not. They need to break even only. Profit is the result of charging customers too much, paying employees too little, or enshitification.
No company wants to stay stagnant. They want to grow. You can’t grow if you’re not making more money.
Spending profits on stock buybacks and bonuses is literally the opposite of wanting to grow.
Worker productivity is like holding sand. It you grab it and squeeze it hard, it just runs through your fingers and falls to the ground. But if you cup your hands and support it carefully you can hold on to much larger amounts of it.
Username checks out.