Comment on Wreck the economy because it only works for the billionaire class.

• Nahvi@lemmy.world ⁨9⁩ ⁨months⁩ ago

  I have no idea what sort of profit margins the auto companies are working on. I do think profit sharing is a pretty decent idea though. I am surprised the UAW isn’t asking for something like that. Maybe it is too unstable for wage workers in case of a recession.

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  • FlyingSquid@lemmy.world ⁨9⁩ ⁨months⁩ ago

    No, what matters is how much it would cost to pay their workers more, not what profit margin they’re making. And do you honestly think their profits are lower than what they can pay their workers?

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    • Nahvi@lemmy.world ⁨9⁩ ⁨months⁩ ago

      not what profit margin they’re making.

      True. You said profit and I even responded profit margin, but I was still thinking you said revenue.

      do you honestly think their profits are lower than what they can pay their workers?

      From second hand knowledge they did pretty good this year and the first year of covid, but had rough goes in between. I don’t know if it makes up the difference or not.

      Without workers there is nothing to sell, so you must pay the workers, but there is a real issue that investors will bail out if they aren’t seeing returns. That said, I have a hard time believing the federal government would ever let the big three collapse, though they have already had to bail out GM once in the last couple decades. Hopefully, it does not become a repetitive issue.

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      • SmoothIsFast@citizensgaming.com ⁨9⁩ ⁨months⁩ ago

        there is a real issue that investors will bail out if they aren’t seeing returns.

        So we force them to cover bad bets instead of getting to walk away because they have money.

        I have a hard time believing the federal government would ever let the big three collapse

        So make those investors cover the loss instead of allowing them to pull out and short the shit out of the company requiring the government to infuse cash to keep them from failing.

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  • burntbutterbiscuits@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

    Ahhh ok, so you really are talking out of your ass.

    The workers are not asking for much. Just their fair share

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