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Why is everything in consumer / American life so fucking shitty now - and companies literally just say 'oh bc profit margins' and we're now expected to swallow that and sympathize? (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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like I went to taco bell and they didn't even have napkins out. they had the other stuff just no napkins, I assume because some fucking ghoul noticed people liked taking them for their cars so now we just don't get napkins! so they can save $100 per quarter rather than provide the barest minimum quality of life features.

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[–] [email protected] 26 points 1 year ago (2 children)

That's a bad take. The case actually affirmed business judgement rule: the idea that the guy running the company knows how to run it better than the shareholders. It's part of why post-war America is considered the golden age of American manufacturing: Publicly traded companies invested in their employees and wages exploded across the board. A 100 year old court decision isn't the primary driver on a problem that's really only developed in the last forty or fifty years.

[–] [email protected] 2 points 1 year ago (1 children)

Jack Welch of GE really set the current tone of "all that matters is stock price". The 80s saw greed transform into a virtue

[–] [email protected] 1 points 1 year ago

There's a great behind the bastards podcast episode about this guy!

[–] [email protected] 1 points 1 year ago

I think it's come about due to the state of universities and the stringent belief that a pursuit of knowledge above all else would somehow land you a good job. You've got to want to do the job or genuinely enjoy the work first.

Just consider that the same people in the Middle East who are matchmakers and run big data collection corps also run the whole breakups shake up.