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45 Times This Instagram Account Tastefully Called Out Corporate Greed (New Pics)
Work stories are a common topic of complaint and discussion, as people need to vent after dealing with all the worst humanity has to offer. Nearly everyone has that one just or manager that just naming causes a pit to form in their stomachs.
This Instagram account shares the challenges and difficulties people face in the modern labor market. From exploitative policies to tyrannical managers, workers often get the short end of the stick and have to suffer the results of corporate greed and economic mismanagement. So upvote the most poignant points as you scroll through and comment your own labor market horror stories below.
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One of the main causes of all this suffering is that actual employees are not involved in planning company policy nor sharing in its profits. Many of these posts highlight the cases where a company will make record income and then turn around and fire its workers, cut sick days, or limit pay. In a tight labor market, bosses rely on the fact that people may struggle to find a new job so they won’t quit even as conditions worsen.
One proposal suggested primarily by workers is more ownership in the company they work at. Unsinspiringly named employee ownership, the idea is that each employee would own a stake in the company they work at. If the company does well, the employee would also benefit directly, not at the discretion of managers. Even further, certain decisions could be voted on, limiting upper management's ability to use abusive policies. So how does it work in practice? Quite well.
I quit public school teaching after 25 years. It was not the kids, 1st grade, they were great. The parents had no idea what happens in a classroom. They are better informed ñow after the pandemic, but now multiply that by 20-35. The biggest issues was admin. It was getting to be more testing than teaching and always teaching to the test in April. No more teachable moments. Yes, the money sucked, but I didn't get into teaching for the money. I wanted to make a difference and be absolute sure at least those I had that year WOULD learn to read and could add and subtract. I was also a mother, father, nurse, therapist, babysitter, clothier, hairdresser, janitor...........
A study put together by the Harvard Business Review found that most companies that operated an employee stock ownership plan (ESOP) reported greater financial success for their workers as well as faster growth, relative to other, similar companies that do not have an ESOP. Surprisingly, given how much rich people run away from taxes, ESOPs are actually given tax benefits in the United States. For example, Businesses can deduct contributions to ESOPs from corporate income taxes.
Amen i used to run big box retail. Treat people like adults and it all works well
In general, US companies have a lot of incentives to pursue employee stock ownership plans, but a combination of personal greed and lack of knowledge holds many back from embracing employee ownership. If a manager can make a bit more at the cost of all employees making less, most will simply choose to keep the profit. An ESOP also takes some power away from upper management, which leaders may not like.
While the idea of an ESOP may create the image of some sort of hybrid democracy-corporate entity, the reality is that even the high-functioning companies listed in the study earlier tend to not be majority employee-owned. In most cases, ESOPs hold between 10-40% of control of a company, enough to protect the workers and ensure that profits do trickle downwards, without compromising the control of upper management. But, as older siblings and team leaders around the world know, democracy can be frustrating to deal with, so ESOPs still remain uncommon.
Nice to see some responsibility going to the top. However, the $49M pay cut being POSSIBLE suggests a secondary issue. How about we eliminate the minimum wage and replace it with a minimum percent? For example, the lowest paid employee (including contractors) can be paid no less than 2% of the highest paid (including wages, bonuses, options, etc.).
However, this research brings up an interesting conundrum for governments. Studies show that companies that operate an ESOP or similar scheme if it’s outside the US, tend to grow faster than those that don’t. On the whole, setting aside individual workers, this is good for the entire economy. The only thing keeping both the economy as a whole and the welfare of employees back is the greed of a few at the top.
I've worked a four day week for years (long days so full-time hours), and the way my days off line up mean I get a 5 day weekend every three weeks. The job is ok, but the time off is GLORIOUS!
And to managers that remain unconvinced, companies that use an ESOP also have significantly better worker engagement, retention, and productivity. After all, if your hard work translates directly into more income, you will work harder, this is so common sense that a child can figure it out, even if many managers can’t. Participation plans resulted in three to four times faster growth in companies with an ESOP, compared to those that don’t have one. Those sorts of numbers in a startup would be considered phenomenal.
WOW good to know ;) I want to sue....... Amazon - just for the heck of it...i 'm sure i can find a reason.
Numbers are not correct. The 8.8b was operating income, not net income. Operating income gross income minus operating costs, but that is not the final net income. In 2022 they pulled in 6 billion in profits or so. Next, they have 41k employees, not 35 k. So the total for a 125k increase would be 5.1B of the 6b in profits. Now 2022 profits were down 6% from 2021, which was down 8% from 2020. But lastly, BNSF is 100% owned subsidiary of Berkshire-Hathaway, and Buffet himself is actually involved in, and considers it one of his pet companies, so talk to Warren Buffet about it
Assuming anyone other than she and the person who ran the test saw the results, this is as open-shut a HIPAA violation as it gets. She will have no shortage of lawyers willing to do this for no money down and a cut of the large judgment.
"Your job is more important"? Than..........one's family? Riiiiiiiiiight. 🫤
Meanwhile they try everything in their (legal) power to not having to do that or make it as difficult as possible for the employee. My sister was (still is) sick for a long time and went through hell. She got paid, but honestly, she'd better been off just taking her leave. But, then she wouldn't have gotten the help she needed from the government. The law is a good idea, but it needs better execution. One of the biggest problems is that the doctors who decide on your health, are basically paid for by the company you with for, your own practitioner isn't listened to.
Competitive shopping!? Compete to "earn" the money and then compete to spend it. Wtf?
In the UK, Lord Alan Sugar has been making a lot of derogatory comments about people who don't want to return to the office. Turns out, one of his major business interests now is renting out office space. I'm sure that's just a coincidence, though.
The public perception of a system should be determined by the quality of life of its lowest-paid people, not that of its highest-paid people.
Social security is the most solvent government program in the history of the United States of America. Congress keeps using it for other stuff and now it's time to pay, so we all go suck rotten eggs.
I'm guessing the suits pay keeps moving forward, whilst their employees pay goes backwards to accommodate the increases.
Send your boss a picture of you eating your Thanksgiving meal and giving them the finger.
Better yet, forbid any bank bailout that gives its greedy executives bonuses.
Same problem as public schools. 20 years ago Chicago had 3 times as many administrators as teachers. Much worse now.
I went to USA in 2012. on student exchange proggrame and i was there for 4 months. I got an opportunity to stay, but i decided i will come back to Europe. Best decision i ever made, i would hate to beg for a day off or to dedicate my whole life just to work work work
Years ago, I worked, as a temp, for a company that was created so it could be contracted by insurances companies to handle patient claims. Most of the workers of this contract company were themselves contractors or temps. One of the claims handlers told me that there instructions were to deny, deny, deny, and then deny some more, with the medical doctor coming back multiple times with masses of paperwork and phone call. When the doctor finally “screamed loud enough” they might approve it. If the doctor didn’t give up because of all the BS. Basically murder for profit by insurance companies, and they didn’t even have the guts to do it themselves. They subcontracted out - via subcontracted companies.
Yes,I like this one. In my local Tesco, it's in the most open part of the store, about 4 feet from where the security monitor the cctv.
At this point, if the aliens showed up, I would consider it a rescue mission
If paying the people you (supposedly) rely on risks making an entire system collapse, it deserves to collapse.
Let me fix it for you: I dont want to pay decent, living wage so people dont want to work for me but i will complain anyways
Yes, let's see some of these so called skilled people pick fruit and vegetables all without damaging them. It's harder than they think
I worked a job once in the 80's and kept a tall cup filled with coffee at my machine. The owner saw it and hollered, hollered at me saying "get rid of that, we drink coffee on our coffee break". I looked around me and saw that nearly every other person in the area had a can of Coke at their machine so I asked him, how about Coke? Nobody clapped. I was kinda a pariah after that, but he never messed with me over my coffee again.
Santa tolerated a hostile work environment for years, then expected Rudolph to be his team player.
Not sure how that works. SIL joined Army after no Criminal Justice jobs were available. They did NOT cover existing student debt.
Illegal. Call the Department of Labor. While a company can hold you accountable for violations of its policies, it can NOT do so by taking away any part of your wages.
Things are getting very interesting with Amazon in the UK right now. There have been strikes at a local distribution centre. Only a small percentage of the workforce to begin with, but after every strike, the number joining the union goes up.
You're an idiot. If the US defaults, the global economy crashes. It isn't just the people you hate who'll suffer.
Load More Replies... You're an idiot. If the US defaults, the global economy crashes. It isn't just the people you hate who'll suffer.
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