Louder for those in the back.

Record profits are unpaid wages.

#union

@ned For the owner as much as the worker....

@Faket

Well no, not always... The owner is taking a risk, the company may not succeed and the owner may not just not see the profits, he may loose his entire life's savings int he venture...

The difference is while the owner may loose everything, the worker is garunteed to be paid for the work he does and will continue to earn a paycheck week after week.

@ned

@Faket

You said you disagreed then went on to say a bunch of things that all agreed with me... ok.

The owner takes the risk, if the company fails they loose a lot.. if it succeeds they gain a lot. on this you agreed. while saying you didnt... ok

@ned

@freemo @Faket

In other words, if surplus profit is not re-invested into the company, both in workers and the resources they need, instead of being hoarded at the top, then everybody ends up losing.

Problem is, that owners keep capital whether the company succeeds or not. Capitalists don't actually care about long-term success, as evidenced. They just siphon short-term gains then pull it out to out into something else when it fails. Meanwhile, workers lose everything, including their future.

@ned

That is a blanket statement that simply isnt true. Generally owners want the future success of their company because then they make even more money, and will invest accordingly.

That said there are some fringe cases where an owner might bailout now for fear of a future crash.

@Faket