One commenter sagely pointed out, “Funny how employers always have an excuse for below-average wages, but accept no excuses for below-average work.”
According to Securities and Exchange Commission filings, executives and insiders sold nearly $500 million in Peloton stock right before it crashed last November.
Amazon Dodges $5.2 Billion In Taxes For An Effective Rate Of 6 % In 2021 — “Class Warfare” In Action
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, noted one of the causes of the wealth inequality crisis: “These are tax breaks that Congress has endorsed and even expanded.”
Adding insult to injury, in a year that he was trying to characterize as difficult, Mr. Johnson’s salary jumped to a whopping $20.4 million due to his new CEO pay raise.
Young Starbucks Baristas Are Flexing Their Collective Power In Recent Fights To Unionize Across The US
“I do think, right now, this is the canary in the coal mine for the union and for the industry,” a research analyst from MKM Partners warned.
Working insanely long hours was suddenly the ultimate status symbol. Mental health professionals began to take note of the alarming rise in what would soon become known as “hustle culture.”
“Getting screwed by Amazon really radicalized me in a way,” McGah explained. “Amazon was not acting in good faith… treating its employees like garbage, and skirting labor law.”
Criticism of Amazon’s business model has exploded in recent years as workers have begun to speak out about the grueling schedules and often humiliating conditions.
Grantham notes that he is “increasingly feeling like the boy watching the naked emperor passing in procession” about cryptocurrency’s “touchy-feely characteristic.”