As billionaires’ wealth soars, US workers struggle: ‘The rich keep getting richer for no good reason’

https://www.theguardian.com/us-news/2026/jun/26/billionaires-wealth-soars-as-workers-struggle

33 points · 4 comments · view on lemmy.world

4 Comments

nik282000@lemmy.ca · 8 pts · 54d (1 reply)

There is a reason. North America is, and always has been, a tool for extracting resources and labour from 'the new world', businesses moved from Europe to America specifically because slavery was still a legal option.

While slavery in name is gone, in practice it is still very much present in the form of minimum wage and part time employment.

Malyca@lemmy.zip · 5 pts · 54d

Slavery is still allowed for prisoners :(

subverted_per@lemmy.blahaj.zone · 4 pts · 54d

The reason is simple, we just can't afford bonuses this year. For you. We gotta tighten our belts, its been a rough year— what? Record profits? Well yes, but that's going to reinvestment and infrastructure buildouts for new avenues of- so we'll actually be hiring a lot of new— we'll yes we did just layoff 15% of the team, but these are new positions outside of our usual pool of experience- look what im trying to say is your raises are capped at 2% going forward. Now I know many of you might— what's that? The ceo just bought a fourth yacht? Thats probably due to their larger investment portfolio and not really just because of the executive bonuses— what are your talking about unions? We're a family here!

garbagehead@lemmy.ca · 1 pts · 54d

The article title said "good reason" not simply reason. We know the reasons.