AnneThey could all give their employees raises and/or benefits but are more concerned with union busting and shareholder returns.
Corporate welfare.
Bernd Thiele
Chuck Darwin2023 profits by company:
🔸Heinz Kraft: $8.973 billion
🔸Exxon Mobil: $9.1 billion
🔹JP Morgan: $49 billion
🔸Delta Airlines: $4.6 billion
🔸Amazon: $9.9 billion
🔹Apple Inc: $97 billion
🔸Tesla: $13.6 billion
🔹Verizon: $78.6 billion
🔸Albertsons: $21.75 billion
🔥Walmart: $155 billion
🔸Target: $25.2 billion
🔸Nike: $22.65 billion
🔸Blue Cross & Shield: $7.5 billion
🔸Kaiser: $3.29 billion
What does this have to do with anything?
🔸Starbucks made $24.56 billion in profits for 2023
👉 Which means it could give each of its 400,000 employees an $11,000 raise and would still have $20
billion in profit.
But instead workers rely on tips.
♦️Corporate profits are driving inflation.♦️
SearingTruth"The problems of humanity are simply solved.
Be just, fair, and humane."
SearingTruth
Cybarbie@cdarwin @annecavicchi Truly outrageous that taxpayers have to subsidize many of these companies - corporate communism - Walmart in particular is a parasite on the public coffers. Not all megacorp are like this mind you but it should not happen - they should have to pay a much higher minimum wage. I don't think $20 per hour untaxed is too much to ask.
I'll bet they all loved the SOTU. We'll have to see if Biden can get in.
Big Head Tales@cdarwin
“Inflation” sure is profitable.
“Inflation” sure is profitable.
Bèr Kessels 🐝 🚐 🏄 🌱> But instead workers rely on tips *IN THE US*
This is much less a problem of market capitalism, and much more one of governance by and for the people.
xs4me2It is how uncontrolled capitalism works. The railroad tycoons are back... Change is needed. Tax them more.