Employees used to be considered company assets, even if their salaries were an expense against profit because of their contribution to the profit. At some point, companies and their shareholders began seeing employees as not only liabilities on the balance sheet, but actual liabilities. It might have contributes to the divergence between production and wages that started in the 1970s. https://economics.stackexchange.com/questions/15558/productivity-vs-real-earnings-in-the-us-what-happened-ca-1974
That is soooo true. I remember reading articles about it from principled businessmen and some pundits about the change. I have talked about it with people since, but many accept it and say, " that's business". The problem is for democracy to work, there must be a feeling of responsibility to the public.
They used to run businesses on “three legs,” - customers, employees, stockholders. That model started disappearing in the 80s.
Employees used to be considered company assets, even if their salaries were an expense against profit because of their contribution to the profit. At some point, companies and their shareholders began seeing employees as not only liabilities on the balance sheet, but actual liabilities. It might have contributes to the divergence between production and wages that started in the 1970s. https://economics.stackexchange.com/questions/15558/productivity-vs-real-earnings-in-the-us-what-happened-ca-1974
That is soooo true. I remember reading articles about it from principled businessmen and some pundits about the change. I have talked about it with people since, but many accept it and say, " that's business". The problem is for democracy to work, there must be a feeling of responsibility to the public.
In that order, I assume?