What really needs to stop is the obscene bonus culture.
It is quite disgusting to keep reading a company needs to lay off 500 people only to then give some CEO a bonus of 15million.
Or banks running a deep 9 digit number loss in a year but still the higher ups get a bonus for some reason or a vague years old contractual promise.
The top should feel loss first before it “trickles down”, and honest pay for honest work should include the top as well.
And while I am at it, senseless management jobs should be allowed to be contested, no more “manager toiletpaper” who only shows up once a week to make an order, yet makes 5x the wages of people under him.
Yeah, like a couple years ago, the CEO of Sanford Health hospitals quit / retired, and when he left gave himself a 17 million dollar bonus. No wonder medical bills are so high. Gotta have that needless bonus.
That’s one of the issues with how we’ve (most western capitalist countries) been doing this.
People are struggling for money so minimum wage goes up. Labour to create things is now more expensive and prices go up.
There is only one solution and that’s to theoretically (or technically) eating the rich that are hoarding all of the wealth.
What really needs to stop is the obscene bonus culture. It is quite disgusting to keep reading a company needs to lay off 500 people only to then give some CEO a bonus of 15million. Or banks running a deep 9 digit number loss in a year but still the higher ups get a bonus for some reason or a vague years old contractual promise. The top should feel loss first before it “trickles down”, and honest pay for honest work should include the top as well.
And while I am at it, senseless management jobs should be allowed to be contested, no more “manager toiletpaper” who only shows up once a week to make an order, yet makes 5x the wages of people under him.
That would be one step in the theoretical eating of the rich, yes.
Yeah, like a couple years ago, the CEO of Sanford Health hospitals quit / retired, and when he left gave himself a 17 million dollar bonus. No wonder medical bills are so high. Gotta have that needless bonus.