by the sluggish wage growth, Premack wrote, but they have a few theories. In short, companies appear to be prioritizing shareholder interest over their employees.
"There is this idea that shareholders are the one set of stakeholders that deserve the largest share of a company's profits, rather than balancing the need of other stakeholders like workers or consumers,"In addition, the reduced presence of unions and a general decline in labor standards have dampened employees' bargaining power.
According to the Insider and Morning Consult survey, Gen Xers, defined as ages 39 to 54, were nearly twice as likely as millennials to say they hadn't received a raise in over three years. Census data shows that between their mid-to-late 30s to early 60s, with workers in that age range all having median incomes of about $50,000 to $55,000.
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Worker exploitation by capitalist corporations
Gee...what else happened in recent years? Oh yeah, those anti-union “right to work” laws got pushed through. Time to organize, bitches.
Exactly why unions are a necessary evil
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