Two incontrovertible facts:
US corporations have never been this profitable.
Us corporations have never cared to a lesser degree about the well-being of their employees.
Henry Blodget’s made this a pet cause of late and I think he’s on the money:
these folks say, one law of capitalism is that employers pay their employees as little as possible. Employees are just “costs.” You should try to minimize those “costs” whenever and wherever you can.
This view, unfortunately, is not just selfish and demeaning. It’s also economically stupid. Those “costs” you are minimizing (employees) are also current and prospective customers for your company and other companies. And the less money they have, the fewer products and services they are going to buy.
Obviously, the folks who own and run America’s big corporations want to do as well as they can for themselves. But the key point is this:
It is not a law that they pay their employees as little as possible.
It is a choice.
By all means, read the whole thing…