Ned YeungSep 14, 2023
I don't know how many times it needs to be said. Supporting workers and worker pay is always good for the economy. Supporting anti-worker, pro-capitalist policy is always bad for the economy. Period. Workers are the backbone of the marketplace, not ownership. #Union
Show threadVolineSep 14, 2023
@ned @mhoye
Once they clock out workers become *consumers*, or collectively, aggregate demand.
Show threadNed YeungSep 14, 2023

@Voline @mhoye Workers with no spending power, thanks to self-destructive corporate greed.

"Capitalism will eat itself."

Show threadVolineSep 14, 2023
@ned @mhoye
I disagree. It's not greed, it's the internal logic of the system. Even the most virtuous CEO will seek to minimize workers’ wages — or he won't be CEO for very long.
Show threadPixelJones

@Voline @ned @mhoye
That's what is broken. For 50 years the "Friedman Doctrine" has sold the idea that delivering shareholder value is the one and only legitimate goal of CEOs and boards.

Any labor improvements, environmental or social considerations are immediately suspect or, at best, thought of as cute PR stunts. If the stock goes up as a result, great. If not, the investor pitchforks come out & any "soft" CEO is run out of town.

That's why we need mandatory worker stakes in companies.

Sep 15, 2023 at 3:35pmWeb
Show threadGrimpen MarSep 15, 2023

@PixelJones @Voline @ned @mhoye big fan of worker ownership. Workers are usually more concerned with the long term health of the company, rather than pumping the stock price to make a quick buck.

I think there was a famous 19th century philosopher who said something about workers owning something…

Show threadNed YeungSep 15, 2023

@grimpen @PixelJones @Voline @mhoye

That absolutely describes me at my job. They always want things done fast and carelessly with no concern for future sustainability in mind, while I want things done right and professionally, considering sustainability for future jobs of the sort.