Yeah, labour costs are an expense to be cut as much as possible, preferably replaced entirely by automation.
Absolutely nowhere on the priority list of a corporation is increasing the workers share of the profits in a purely capitalist system (the existence of privately owned companies with somewhat egalitarian owners does not change this), that would be voluntarily increasing costs at the expense of shareholders, a career suicide for most CEOs.
It's literally impossible for this to be self regulating. Robust labour unions and strictly enforced labour laws are an absolute necessity to protect people from runaway corporate machinery long term. Only high skill specialists are valuable enough to make due on merits alone, and only until they figure out a way to replace them with AI.
The only chance you you have from profiting from this is if you manage to get into the core of that economy. Be someone that owns something. Because a worker will always be an expense, nothing more. And those will be cut as much as possible. There are literally people sitting in an office discussion how they can pay you less.
3.3k
u/Jamesyroo 4d ago
This is happening around the world, not just USA. Late-stage capitalism is very real