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this post was submitted on 22 Sep 2023
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Do you think JP Morgan or Andrew Carnegie were generous with their workers? Only when they had to be.
(I'm really referring to times since the modernization of stock valuation since the other comment refers to technical financial data like EPS.)
I wrote that comment. EPS isn't technical, it's just the amount of profit made per share. It existed when Andrew Carnegie was around.
I'm not sure I understand your point here. Yes, Andrew Carnegie made money by exploiting workers. That's why that period of time saw the birth of the American labor movement. Which is also why these workers are going on strike.
I'm glad you agree with me?
You said:
Why would you say "these days" when that has always been the case, except for a short period from 1940 to 1980?
Because there was a short time where that wasn't happening, which proves that it's possible. I can amend my statement to "these days just like they did back in the gilded age" if that helps somehow?
I guess, but usually "these days" doesn't include last century (80s and 90s).
You're splitting some seriously irrelevant hairs