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Therian 🐾

Australian 🇦🇺

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Joined 1 year ago
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Cake day: July 2nd, 2023

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  • Seraphin 🐬@pawb.socialtoNews@lemmy.world*Permanently Deleted*
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    11 months ago

    Exactly. I read the headline and was like: no, that’s what corporations want - for you to sacrifice pay or something else so they don’t lose out.

    Most corps have posted record profits these past few years - they can afford to let their workers work a day less without reducing their pay, they just don’t want to admit it.








  • And the IPO itself is a bad sign no matter who’s in charge. It means the company will be shareholder-driven, and so aiming for maximum profit (or just straight up not operating at a loss to start with). Line must always go up, so when things start to stagnate, or they reach saturation, more and more bold anti-consumer decisions will be made to extract higher profits. See Netflix and their crackdown on password-sharing.

    It may not happen straight away, but it will eventually.