Nintendo’s CEO recently said “If we reduce the number of employees for better short-term financial results, employee morale will decrease” and is instead doing the opposite by raising pay to address inflation.

Some leaders are built different.

https://www.gamespot.com/articles/nintendo-will-pay-its-workers-10-more/1100-6511268/

Is there a fancy science term for the process by which capitalism ruins everything? Like how somebody comes up with something cool and makes it happen and it's good, and then it turns into a company, and then the company is incentivized to gradually ruin the thing and find the worst version of the product that consumers will still tolerate so as to maximize investor profit?

In music we call this process "selling out" but is there a more general term?

#capitalism #economics

It will never not be weird to me that driving up unemployment is seen as a completely acceptable way to control inflation.

It will never not be weird to me that wages growing faster than inflation is seen as a dangerous crisis requiring immediate intervention.

It will never not be weird to me that nurse wages rising fast due to a nursing shortage, prompts the government to consider capping nurse wages, but not to consider immigration changes, or making more nurses, or letting wages rise.