Conversation

Notices

1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Friday, 29-Jul-2022 20:10:32 EDT lnxw48a1
   https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/
   
   #Bank_of_America and the #Federal_Reserve are both blaming price inflation on workers, but in fact, the Fed, the banks, the Treasury, national political leaders, and decades-old decisions by corporate managers are at the root.
   1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Friday, 29-Jul-2022 20:21:56 EDT lnxw48a1

      in reply to
      Management decisions:
      * move production to low-wage countries overseas where there are fewer regulations covering things like working conditions and pollution;
      * switch to lean / just-in-time inventory for supplies / parts
      
      Then, when #COVID-19 hit, their supply chains collapsed and have still not recovered two years later.
      
      !econusa
      1. simsa04 (simsa04@gnusocial.net)'s status on Friday, 29-Jul-2022 20:36:44 EDT simsa04

         in reply to
         Blame the workers and fight further wage increases after a GOP takeover of government seems to be the easiest lever to fight inflation, keep the wealth, and socialize the costs on the working poor. If that tool is at hand, then why fix prior decisions they don't see as mistakes?