Qasim Rashid, Esq.Nov 22, 2022

The week before Thanksgiving Twitter fires 4K workers, Amazon fires 10K workers, Facebook fires 11K workers, and Disney plans thousands of layoffs—all while US Billionaire pandemic wealth increased an absurd $1.7T.😳

A reminder that billionaires don’t create jobs—they exploit workers.

Tax billionaires. Unionize workers.

Show threadLuis 
@QasimRashid I don't know if it's a cycle or a devolution to greed but American companies weren't always so greedy & investor focused, firing thousands and thousands of workers because a few managers mismanaged a company or division. I've not treated people like this when I ran small businesses, but I've certainly endured under lousy & shortsighted managers whose singular focus are only profit as opposed to a wiser focus of winning customers.
Maybe America's golden age is done?
Nov 22, 2022 at 1:00amWeb
Show threadThomas A. Jones IIINov 22, 2022

@twentyninedollars

Before there were modern corporations, there was slavery, the genocide of indigenous peoples and the wholesale looting of natural resources.

Capitalists have always been like this. They just use modern methods, now.

Show threadDarBeniciaNov 22, 2022
@twentyninedollars @QasimRashid the focus on short-term investor profits began in the late 1970s and got strong in the 1980s as most US politicians advocated neoliberal economic philosophy. A belief that humans were valuable primarily as consumers. And that corporations were more important political entities.
Show threadDrCatNov 22, 2022
@twentyninedollars @QasimRashid Companies learned over the past few crises that laying off people in large groups creates artificial scarcity in the job market which is good for profit.
Show threadRead A Book 📚 Be Happy 😊Nov 22, 2022

@twentyninedollars @QasimRashid that's not true. I survived a layoff of about 50,000 people, and many more over the years.

https://money.cnn.com/1998/12/01/companies/boeing/

Boeing cuts 20,000 more jobs - Dec. 1, 1998

Aerospace giant Boeing Co. Tuesday said it plans to cut 48,000 jobs during the next two years as part of a large-scale plan to cut airplane production in the face of the Asian financial crisis.

Show threadReidoNov 22, 2022
@twentyninedollars @QasimRashid Oh, it's done, alright. We are going up in flames, but it's happening so slowly it's easy to ignore. Trump's election is the only proof we need, though there are many other things one could point to.
Show threadNot Just Any WilltorNov 22, 2022
@twentyninedollars @QasimRashid It's a function of the power of capital. It was extreme in this way in the late 1800's. The better, less shortsighted world came about because of strong, far-left labor unions and powerful socialist and communist organizations. With their decline, the conditions are returning.
Show threadTidbitNov 22, 2022
@twentyninedollars @QasimRashid they were in fact always greedy
Show thread🧙‍♂️ Julian Invictus ☕Nov 22, 2022
@twentyninedollars @QasimRashid it was entirely fabricated.
Show threadTy RossNov 23, 2022
@twentyninedollars @QasimRashid if this continues, it absolutely is done. There isn’t investment in employees, as long term contributors to the business anymore. Disposable. Mangers and executives with no experience in that industry, or what it’s like to work up the ranks. Poor management has always been the death knell to even thriving businesses.