The point is, you wouldn’t have to pay more. They literally already make enough profit to higher more informed employees, but rather than do that, they funnel the money to the rich via stock buy-backs.
You could pay less and have the same uninformed service, or you could pay the same and have well-informed service, but wall-street demands it’s cut. So you get the worst of both worlds.
That’s the problem with our market structure and the demand for infinite growth. Value has to be derived from somewhere, so once you can’t make a product any cheaper and you’ve captured all the market share you can, you steal that value from labor and consumers. Once you can’t steal anymore from your consumer base or employees, you start buying out other companies to gain access to their laborers and consumers, stifling innovation. Then, once you can’t do that anymore, VC and private equity come in, short the fuck out of the stock, buy up competitors stock, load the company with debt, loot the savings, divvy up the assets, pay themselves fat bonuses and then claim “market forces, blame past leadership, or whatever the common folk will believe”, consolidating the markets even further. Then the competition off-shores its labor, removes the last bits of customer service and relaxes everything with half-baked AI, and what are you going to do? Go to another store that’s owned under the same parent company?
And that’s not even getting into how much damage it does to local economies and small businesses because labor doesn’t have the wages to even allow competition a chance versus bohemoths operating on such a scale fractions of a cent per item equals millions of dollars. So you get a throw-away system. Cheap clothes, cheap cars, cheep homes. And this further fuels the demand for growth, at the cost of the everyone but the rich. Not all costs are dollars and cents, but Wall-Street only puts a dollar value on the things they can profit from. They don’t want you to know the dollar value for the costs pushed onto society. For example, the economic cost of Pursue Pharma gutting a generation of workers. They made billions, and it likely cost the working class trillions.
Because remember kids, greed is good…for the greedy.
The average retail employee, not only at Lowe’s but everywhere, is more or less beyond braindead and know absolutely nothing about their store 9/10. They definitely earn what they’re owed
Because they usually work there for a short period just to make ends meet. If you're not going to be there more than a few months to years why bother learning all the ins and outs? If there were incentives to be a good employee then you'd have more of them.
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u/ThisIsntHuey 5d ago
The point is, you wouldn’t have to pay more. They literally already make enough profit to higher more informed employees, but rather than do that, they funnel the money to the rich via stock buy-backs.
You could pay less and have the same uninformed service, or you could pay the same and have well-informed service, but wall-street demands it’s cut. So you get the worst of both worlds.
That’s the problem with our market structure and the demand for infinite growth. Value has to be derived from somewhere, so once you can’t make a product any cheaper and you’ve captured all the market share you can, you steal that value from labor and consumers. Once you can’t steal anymore from your consumer base or employees, you start buying out other companies to gain access to their laborers and consumers, stifling innovation. Then, once you can’t do that anymore, VC and private equity come in, short the fuck out of the stock, buy up competitors stock, load the company with debt, loot the savings, divvy up the assets, pay themselves fat bonuses and then claim “market forces, blame past leadership, or whatever the common folk will believe”, consolidating the markets even further. Then the competition off-shores its labor, removes the last bits of customer service and relaxes everything with half-baked AI, and what are you going to do? Go to another store that’s owned under the same parent company?
And that’s not even getting into how much damage it does to local economies and small businesses because labor doesn’t have the wages to even allow competition a chance versus bohemoths operating on such a scale fractions of a cent per item equals millions of dollars. So you get a throw-away system. Cheap clothes, cheap cars, cheep homes. And this further fuels the demand for growth, at the cost of the everyone but the rich. Not all costs are dollars and cents, but Wall-Street only puts a dollar value on the things they can profit from. They don’t want you to know the dollar value for the costs pushed onto society. For example, the economic cost of Pursue Pharma gutting a generation of workers. They made billions, and it likely cost the working class trillions.
Because remember kids, greed is good…for the greedy.