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Major US corporations threaten to return labor to ‘law of the jungle’
(www.theguardian.com)
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this post was submitted on 11 Mar 2024
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I agree and don't doubt the corpos gonna corp. I'm only unsure whether the courts are going to go along with them.
It's not even necessarily gonna cost them triple down the road, assuming no total economic collapse, which isn't impossible. The major shareholders offload their shares in the corpos they've brought to the brink before the losses hit and move on to the next one. The smaller fish and the corpo's workers are typically left holding the bag. To be honest I don't think the American publicity traded LLC will survive without strong unions. It either needs strong unions to counterbalance the major shareholders self-destructive profit maximizing, or things will start breaking as you said and the LLC as we know it would be eliminated.
I think the breaking point is pretty close for some and already here for many at the lower end of the wage scale. I think the last stat on people living paycheck to paycheck was over 50%.