Inflicting as much pain on the workers

” “We need to see unemployment rise. Unemployment has to jump 40, 50%,” said Gurner, because “arrogant” workers aren’t productive enough for his liking. “We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around.” “

MSNBC, “Watch this multi-millionaire CEO say the quiet part out loud about class warfare”, James Downie, September 14, 2023

Wow! The attitude of the rich is getting really ugly out there. They want to inflict pain because 40 to 50% unemployment is severe pain as in protest and pitchfork pain.

Here’s another infuriating set of quotes found in the article. The link to the article is in the attribution section of the quote.

“As Georgetown University’s Olúfẹ́mi O. Táíwò wrote, “I can rarely do better at explaining the connection between capital and social-political domination than just pointing at what the guys with the capital do and say.” Though Gurner’s words have gotten unusual exposure on social media, others of his means have expressed similar distaste for the 99%. “The 1% work harder,” said billionaire Sam Zell. “The 1% are much bigger factors in all forms of our society.” According to the Pew Research Center, a majority of the wealthiest Americans believe the “poor have it easy because they can get government benefits without doing anything in return.” “

MSNBC, “Watch this multi-millionaire CEO say the quiet part out loud about class warfare”, James Downie, September 14, 2023

The idea that the 1% or the shareholder should be the ones scoffing off all of the productivity gains and leave nothing to the workers is wrong. The workers should receive a piece of the productive gains because they helped create those gains. Without the workers, they ain’t got nuthin’. The linked article briefly mentioned the fact that the economic theory of wages gains flowing productivity gains got broken during the 70’s or 80’s. The wealthy managed to capture most of the gains.

The article also pointed out another infuriating fact that companies during the pandemic era, and even today, raised prices not because of supply constraint or wage gains, but because they could. Companies announced record profits.

” “Competition is for losers,” Peter Thiel is fond of saying. “

MSNBC, “Watch this multi-millionaire CEO say the quiet part out loud about class warfare”, James Downie, September 14, 2023

So, today we have unionization efforts going on. The Big Three cars are under strike. And the youths are just trying to give only what they are paid for and no more.

And then Marc Benioff of Salesforce says:

” ‘I don’t work well in an office—it just doesn’t work with my personality’”

Yahoo Finance, “Marc Benioff drops a bomb after calling Salesforce workers back to their desks: ‘I don’t work well in an office—it just doesn’t work with my personality’”, Jane Thier, September 15, 2023

He not only tries to convince his people to come back and work in the office, but he also fired a bunch of employees earlier in the year and now he is embarking on an effort to rehire back 3000 ex-employees as boomerang employees.

All in all, the wealthy are just evincing just gross lack of empathy for the people who are making the company work and bringing in the money. We really need to downgrade the primacy of the shareholders because they have NOT earned such a large rise in wealth.