Profits Outpace Job Growth Five To One At Largest U.S. Corporations

[theeedude]

This is what happens when you let Corporatism become the national religion.

 

[Jhhnn]

You had better ensure that your riot insurance is paid up then, because Americans are never going to accept a long-term social welfare state much less systematic wealth redistribution. Like it or not, the puritanic work ethic will not allow those with jobs to accept those without jobs getting a "free ride" for anything but a short stint between losing a job and finding a new one. The idea of making social welfare arrangements to directly support the long-term unemployed in that state would horrify them. Even 99 weeks of unemployment payments began to create pushback, and 'welfare to work' has been the driving policy for nearly 2 decades now. If the unemployed proles started rioting, the middle class would either support having them brutally dispersed via police action or being forced into chain-gang style work teams to keep them busy.

Hogwash. America would much prefer to not be a welfare state, but we'll need the cooperation of the Jerb Creators! to get it, one way or another. They can either honor the work for a piece of the pie deal we had post-WW2 prior to Reagan, or they can support the welfare state. That's why we have all these social welfare programs. They won't be going away anytime RSN, regardless of how much right wing crapola you parrot.


If you think America will put up with being really poor while our rich are richer than ever, think again. We wouldn't in the Great Depression, and we won't now.

There's a price to be paid for failed leadership.

 

[WackyDan]

Bottom line is that if you are sitting on money like Apple is, you only spend it if you need to expand. They have enough employees, they outsource their manufacturing and have enough capacity to meet demand, etc. They might occasionally acquire another company... but other than expanding out past their core product offerings what do they need to spend that money on? The answer is they don't have to.