Wednesday, October 24, 2018
2 paragraphs say it all
From the New York Times:
Half a century ago, a typical Sears salesman could walk out of the store at retirement with a nest egg worth well over a million in today’s dollars, feathered with company stock. A warehouse worker hired now at Amazon who stays until retirement would leave with a fraction of that.The full article compares then at Sears with now at Amazon to highlight the unchecked greed of current corporate America. It is worse than you thought.
Much as Sears has declined in the intervening decades, so has the willingness of corporate America to share the rewards of success. Shareholders now come first and employees have been pushed to the back of the line.
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