100% behind the union on this one and no question Loblaws is pretty disgusting on this one.
I’ve said it before and will say it again because this is actually one of the most important ideas our society needs to wrap it’s’ head around.
When will (all) corporations realize that we can no longer structure corporations to benefit ONE stakeholder, the shareholder, when almost every corporation impacts MULTIPLE stakeholders- of which employees are one?
Companies need to start paying workers more. Full stop. They need to start bridging the gap of lower paid workers and higher executive level workers and management.
This speaks to so many societal issues, like wealth inequality and the overall sustainability of our society in general- preventing it from collapsing into full fledged revolution which would not be off the table if the masses are so desperate. That is where we are heading.
Anyone with half a brain understands that unchecked capitalism does not work. The United States have proven this. Much the same that the Soviet Union demonstrated that unchecked communism doesn’t work (unless you’re okay with authoritarianism in which case- you are an extremist, and there do seem to be some on this website which is weird).
Related to unchecked capitalism, business schools train kids that all initiatives are for the owners and shareholders. This is not entirely accurate. Companies need to operate in the best interests of all stakeholders, including communities they live in, the environment, employees or contractors and yes, shareholders too.
We should demand more of our large scale profitable mega enterprises, like Loblaws. And banks. And insurance companies. And oil companies. And tech companies, and all companies.
Companies that do not pay their employees are scum when they are found to be making profits north of a billion or share buybacks or special dividends it’s like hey, dip####s, no- reward the employees that GOT YOU THERE. It is actually so wrong when you think about it. And it is contributing behaviour to huge society problems probably in the not too distant future.
Loblaws sucks. Pay your ####ing people. Loblaws gets a F- grade for the last 12 months.
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