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Originally Posted by Bill Bumface
Just wanted to chime in and say so are the Democrats, they just rely on empty promises.
The growing wealth gap, regardless of administrations, is great evidence the entire thing is beholden to corporations. You're basically voting for right wingers that will screw over poor people for their own gain overtly, or slightly less right wingers that talk like left wingers but don't actually implement anything beyond token half measures that don't change anything.
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This is true and eventually is going to backfire on corporations because you know what’s bad for business? Massive civil unrest, looting, rioting, civil war, etc.
I listened to a very interesting podcast episode for TED talks business and they interviewed the CEO of PayPal who said their company underwent a massive change to their compensation structure. Instead of making sure employees were at a minimum wage instead they focused on a new metric called Net Disposable Income to make sure their lower level employees had enough money to survive. It did escalate their G&A, but his view was that while yes corporations are beholden to shareholders but they need to be about more than that. Companies have many stakeholders not just one, and by having happy employees you in fact ARE benefiting the shareholders because your company will grow better / make more / profits / have more customers etc. Rather than a race to the lowest G&A he was basically like corporations need to kinda think the opposite.
This is part of the issue with the USA (and Canada I guess). Myopic corporate greed that continues to grow wealth inequality that obviously eventually will have a breaking point.