One commenter sagely pointed out, “Funny how employers always have an excuse for below-average wages, but accept no excuses for below-average work.”
Labor
Peloton Gives Free Memberships To 2800 Laid-Off Workers — Execs Get A Golden Parachute
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.”
Starbucks Profits Up 31% Last Year — And It Has The Nerve To Blame Recent Price Hikes On Inflation?
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.
The New York Times Just Got Caught Union-Busting In Leaked Memos: NLRB Files Complaint
The NewsGuild of New York has filed a complaint with the NLRB, accusing the Times of violating federal labor law by adding new paid holidays — but only for non-union employees.
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.
How Did “Hustle Culture” Get The United States Addicted To Working Way Too Hard?
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.”
Amazon Drone Engineer “Radicalized” After Being Gaslit By Company’s Secretive Rating System
“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.”
Jon Stewart Once Warned Bezos That His Business Model For Workers Is A “Recipe For Revolution”
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.
Legendary Investor Predicts S&P 500 Will Crash Up To 50% After “Superbubble” Bursts
Grantham notes that he is “increasingly feeling like the boy watching the naked emperor passing in procession” about cryptocurrency’s “touchy-feely characteristic.”
Economic Left 