Antiwork

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We're trying to improving working conditions and pay.
We're trying to reduce the numbers of hours a person has to work.
We talk about the end of paid work being mandatory for survival.

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CEOs' pay climbed before layoffs at tech giants like Alphabet and Microsoft, data shows (abcnews.go.com)

submitted 2 years ago by BrikoX@lemmy.zip to c/antiwork@lemmy.ml

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cross-posted from: https://lemmy.zip/post/1125959

Archived version: https://archive.ph/iXnTL
Archived version: https://web.archive.org/web/20230806123650/https://abcnews.go.com/Business/ceos-pay-climbed-layoffs-tech-giants-alphabet-microsoft/story?id=101665156

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[–] Notnotmike@beehaw.org 14 points 2 years ago (2 children)

How is this not a misallocation of resources that the shareholders should be upset about? They really don't want the company's money going to more value add instead?

[–] grue@lemmy.ml 11 points 2 years ago

The "shareholders" are the managers of large mutual funds, who are in the same 1%er good-ol'-boys club as the CEOs. They're the ones voting the huge blocs of shares within the mutual funds.

The middle-class folks who actually own the shares indirectly via the funds in their retirement accounts have been completely disenfranchised.

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