this post was submitted on 13 Oct 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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There is a strategy, pioneered by the old GE C-levels, of spinning out operations and outsourcing departments in such a way that your real business is simply accumulating rent-generating properties. Rather than operating a factory that makes light bulbs or turbine fans, you own the factory and lease it to a smaller and less profitable company that actually runs it. Rather than paying engineers to design the next iteration of airframe, you look for a small company of draftsmen that has a new airframe and buy it, then fire all the draftsmen and license the specs on the airframe design the company owns.
When you have very cheap borrowing costs and you can identify instances in which start-up companies paid their employees below the market rate for their cutting edge work, you can find huge arbitrage opportunities. Take none of the risk of a tentative project, turn the owner of the company into a mega-millionaire overnight, and dispense with the labor costs associated with professionals.
Over the long term, this destroys the base of knowledge you need to make iterative improvements to any of the shit you're now leasing out to third parties. So you're stuck with a more traditional air frame for decades, you straight up lose the ability to produce wide body jets like the DC-10, and the folks you outsourced all the real physical labor have no long-term interest in quality control since everyone knows they're disposable.
But by the time that moment rolls around, you've made yourself a billionaire several times over and diversified your portfolio out of your own company's stock. You're untouchable and its someone else's problem to deal with a company coasting on fumes and broken promises.
Here's the real story. Those few years of near zero lending got corps hooked on the Yellen yayo and they ain't been right since. Now the only option is somehow to gut your operation expenses to offset your batshit crazy capex.