3 thoughts on “High unemployment = high corporate profits”
Where is the first place that any company or corporation looks to save money? Its payroll. Shipping jobs and factories overseas and hiring cheaper labor there to increase profits makes sense to the 1%. (Thanks Bill Clinton and NAFTA.) Employing robots to replace workers also makes sense. Having an all part-time workforce is cheaper and more profitable. Maybe the time has come for U.S. workers to own the means of production so that they can protect their jobs?
Maybe it’s time to repeal deductions for production equipment.
Where is the first place that any company or corporation looks to save money? Its payroll. Shipping jobs and factories overseas and hiring cheaper labor there to increase profits makes sense to the 1%. (Thanks Bill Clinton and NAFTA.) Employing robots to replace workers also makes sense. Having an all part-time workforce is cheaper and more profitable. Maybe the time has come for U.S. workers to own the means of production so that they can protect their jobs?
Maybe it’s time to repeal deductions for production equipment.
Workers of the world, unite!