this post was submitted on 17 Mar 2026
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I don't know any CEOs, but I've known many business owners in my life and I've been one. The majority absolutely despise payroll as their biggest expense. They hate their employees, which will be replaced as soon as technologically and financially possible.
This is why there is a huge push for AI, every one of these greedy bastards would be perfectly fine with replacing every single employee. They see it as an improvement.
We as a society in the USA have gotten businesses backwards and put the cart before the horse, in my opinion. Our goal shouldn't be "shareholders will get the cream of the crop!", that road simply leads to a small group of people being fabulously wealthy, they see their employees as a middle man that they would rather eliminate.
We can change how corporations work at any time, but we'll need to get rid of our government first. They won't legislate themselves out of generational wealth, it's a fantasy to think otherwise. Never, ever in the history of Earth has the ruling class decided "hmmm I'm starting to feel guilty about rolling around in a pool full of gold Krugerands maybe this is a little much"
100% accurate. I ran a family owned grocery and the owners never shut up about payroll. As soon as I started managing a department it was "you're overstaffed" every flipping week. I explained my plan to use the extra hours to have the employees trained on how to make more prepared food instead of buying the premade junk. They complained and complained until the end of the second month when my numbers for prepared food in that single month grossed enough to pay for the extra staff need for over half the year.
They still complained I was overstaffed.
No one is dumber than a rich person, except perhaps the people who are actively being screwed by them and who still believe that having money means the rich person must have earned it.
Thanks for articulating it this way for me. It's the hypocrisy that gets me, at least in my situation. I reported my boss to the directors. He was (still is) planning to cut a guy from our team, claiming he costs too much. But when I did the math, I found that my boss' personal expenses on food, gas, phone, vehicle, etc. (with increasingly unaccounted-for amounts) are more than that guy's pay.
My boss isn't worried about the financial health of the organization, he's worried he won't be able to keep spending it on himself if he has to pay the workers.
I've seen "the director" lay off employees on a whim whilst buying a new end table for 30,000 USD. Not a typo, I cut the check.
They'll take all they can, shareholders will let it go as long as the returns are good. In my opinion, a national minimum wage is stupid, but instead workers should be owners.
The profits shouldn't all go to a table full of vultures.
If many had their way,they would be perfectly fine with slavery
At my first job, I was told I couldn’t be paid more despite the fact that I was getting the same pay as someone in my position was about 20 years prior. The boss? Massive house in the richest neighbourhood with two elephant statues out front that cost $50k each. He spent his days falling asleep in meetings and generally doing less than nothing. All the department heads were disgustingly rich, everyone else could get fucked.
Yeah, reformers have never existed.
Note I said "ruling class" as a whole. Of course there are reformers, madmen, vegetarians, philosophers, and so on sprinkled throughout.
that goes without saying, friend. But, feel free to continue to point out the obvious that everyone knows. It's fun and not droll at all, I dub thee "captain no fucking shit"
Now, please point out what my goal post was, and how it has been changed IN ANY WAY by your contribution. Go into great detail!
I want a certificate
It's in the mail, with your high school diploma
Reformers don't feel guilty. They're trying to stave off the inevitable guillotines.
reformers are the exception, they don't represent the class
Oh well yeah, obviously. Those goalposts are obviously not the target now that they got moved all the way over there, you must be right. /s
It’s worth pointing out that the company and CEO in question are South Korean.
It's a global issue that should be tackled, but American flavour capitalsm is definitely spreading through the world.
It already has spread throughout the world. did you sleep through the post ww2 events?
No, but it's not quite the same as it was in the 1950's.
Capitalism now, especially outside the US looks very different.
The union the other day told me that our laws didn't really account for the kinds of layoffs that America brought here.
Our capitalism is just British empire capitalism rebranded.