You didn’t invest because you wanted to take away employee’s earned value to yourself.
The fact that this ends up being the way that companies create more ‘shareholder value’ is a particular disease of modern neoliberalism. What you describe seems to me more similar to how companies in the US were run in the 1950s. More of a ‘rising tide lifts all ships’ approach that was used before management became antagonistic towards labor (viewing business units as ‘cost centers’ etc…). Its a particular framing that I think we can say does not guarantee any kind of result of profitability, but seems particularly enshrined in modern management culture.
Its a particular framing that I think we can say does not guarantee any kind of result of profitability, but seems particularly enshrined in modern management culture.
It’s enshrined in a management culture that has largely conquered labor through a mixture of anti-union measures and taking capitalism global so that they can pay as close to zero as possible for labor in other countries.
Sure, the products and services (and the country) all suffer, but nobody really seems to give a shit about that.
The fact that this ends up being the way that companies create more ‘shareholder value’ is a particular disease of modern neoliberalism. What you describe seems to me more similar to how companies in the US were run in the 1950s. More of a ‘rising tide lifts all ships’ approach that was used before management became antagonistic towards labor (viewing business units as ‘cost centers’ etc…). Its a particular framing that I think we can say does not guarantee any kind of result of profitability, but seems particularly enshrined in modern management culture.
It’s enshrined in a management culture that has largely conquered labor through a mixture of anti-union measures and taking capitalism global so that they can pay as close to zero as possible for labor in other countries.
Sure, the products and services (and the country) all suffer, but nobody really seems to give a shit about that.