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45 Times This Instagram Account Tastefully Called Out Corporate Greed (New Pics)
Work stories are a common topic of complaint and discussion, as people need to vent after dealing with all the worst humanity has to offer. Nearly everyone has that one just or manager that just naming causes a pit to form in their stomachs.
This Instagram account shares the challenges and difficulties people face in the modern labor market. From exploitative policies to tyrannical managers, workers often get the short end of the stick and have to suffer the results of corporate greed and economic mismanagement. So upvote the most poignant points as you scroll through and comment your own labor market horror stories below.
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One of the main causes of all this suffering is that actual employees are not involved in planning company policy nor sharing in its profits. Many of these posts highlight the cases where a company will make record income and then turn around and fire its workers, cut sick days, or limit pay. In a tight labor market, bosses rely on the fact that people may struggle to find a new job so they won’t quit even as conditions worsen.
One proposal suggested primarily by workers is more ownership in the company they work at. Unsinspiringly named employee ownership, the idea is that each employee would own a stake in the company they work at. If the company does well, the employee would also benefit directly, not at the discretion of managers. Even further, certain decisions could be voted on, limiting upper management's ability to use abusive policies. So how does it work in practice? Quite well.
#5
Dawn Marie 1 year ago
I quit public school teaching after 25 years. It was not the kids, 1st grade, they were great. The parents had no idea what happens in a classroom. They are better informed ñow after the pandemic, but now multiply that by 20-35. The biggest issues was admin. It was getting to be more testing than teaching and always teaching to the test in April. No more teachable moments. Yes, the money sucked, but I didn't get into teaching for the money. I wanted to make a difference and be absolute sure at least those I had that year WOULD learn to read and could add and subtract. I was also a mother, father, nurse, therapist, babysitter, clothier, hairdresser, janitor...........
A study put together by the Harvard Business Review found that most companies that operated an employee stock ownership plan (ESOP) reported greater financial success for their workers as well as faster growth, relative to other, similar companies that do not have an ESOP. Surprisingly, given how much rich people run away from taxes, ESOPs are actually given tax benefits in the United States. For example, Businesses can deduct contributions to ESOPs from corporate income taxes.
#7
Colin Matthews 1 year ago
Amen i used to run big box retail. Treat people like adults and it all works well
In general, US companies have a lot of incentives to pursue employee stock ownership plans, but a combination of personal greed and lack of knowledge holds many back from embracing employee ownership. If a manager can make a bit more at the cost of all employees making less, most will simply choose to keep the profit. An ESOP also takes some power away from upper management, which leaders may not like.
While the idea of an ESOP may create the image of some sort of hybrid democracy-corporate entity, the reality is that even the high-functioning companies listed in the study earlier tend to not be majority employee-owned. In most cases, ESOPs hold between 10-40% of control of a company, enough to protect the workers and ensure that profits do trickle downwards, without compromising the control of upper management. But, as older siblings and team leaders around the world know, democracy can be frustrating to deal with, so ESOPs still remain uncommon.
#14
Neil 1 year ago
Nice to see some responsibility going to the top. However, the $49M pay cut being POSSIBLE suggests a secondary issue. How about we eliminate the minimum wage and replace it with a minimum percent? For example, the lowest paid employee (including contractors) can be paid no less than 2% of the highest paid (including wages, bonuses, options, etc.).
However, this research brings up an interesting conundrum for governments. Studies show that companies that operate an ESOP or similar scheme if it’s outside the US, tend to grow faster than those that don’t. On the whole, setting aside individual workers, this is good for the entire economy. The only thing keeping both the economy as a whole and the welfare of employees back is the greed of a few at the top.
#18
Fish Fingers 1 year ago
I've worked a four day week for years (long days so full-time hours), and the way my days off line up mean I get a 5 day weekend every three weeks. The job is ok, but the time off is GLORIOUS!
And to managers that remain unconvinced, companies that use an ESOP also have significantly better worker engagement, retention, and productivity. After all, if your hard work translates directly into more income, you will work harder, this is so common sense that a child can figure it out, even if many managers can’t. Participation plans resulted in three to four times faster growth in companies with an ESOP, compared to those that don’t have one. Those sorts of numbers in a startup would be considered phenomenal.
#19
Omima mimi miki 1 year ago
WOW good to know ;) I want to sue....... Amazon - just for the heck of it...i 'm sure i can find a reason.
#21
#25
David H 1 year ago (edited)
Numbers are not correct. The 8.8b was operating income, not net income. Operating income gross income minus operating costs, but that is not the final net income. In 2022 they pulled in 6 billion in profits or so. Next, they have 41k employees, not 35 k. So the total for a 125k increase would be 5.1B of the 6b in profits. Now 2022 profits were down 6% from 2021, which was down 8% from 2020. But lastly, BNSF is 100% owned subsidiary of Berkshire-Hathaway, and Buffet himself is actually involved in, and considers it one of his pet companies, so talk to Warren Buffet about it
#26
Robert Beveridge 1 year ago
Assuming anyone other than she and the person who ran the test saw the results, this is as open-shut a HIPAA violation as it gets. She will have no shortage of lawyers willing to do this for no money down and a cut of the large judgment.
#27
#28
DarkViolet 1 year ago
"Your job is more important"? Than..........one's family? Riiiiiiiiiight. 🫤
#29
Jay Son 1 year ago
Meanwhile they try everything in their (legal) power to not having to do that or make it as difficult as possible for the employee. My sister was (still is) sick for a long time and went through hell. She got paid, but honestly, she'd better been off just taking her leave. But, then she wouldn't have gotten the help she needed from the government. The law is a good idea, but it needs better execution. One of the biggest problems is that the doctors who decide on your health, are basically paid for by the company you with for, your own practitioner isn't listened to.
#32
George Comas 1 year ago
Competitive shopping!? Compete to "earn" the money and then compete to spend it. Wtf?
#33
Did I say that out loud? 1 year ago
In the UK, Lord Alan Sugar has been making a lot of derogatory comments about people who don't want to return to the office. Turns out, one of his major business interests now is renting out office space. I'm sure that's just a coincidence, though.
#34
Isaac Harvey 1 year ago
The public perception of a system should be determined by the quality of life of its lowest-paid people, not that of its highest-paid people.
#35
George Comas 1 year ago
Social security is the most solvent government program in the history of the United States of America. Congress keeps using it for other stuff and now it's time to pay, so we all go suck rotten eggs.
#36
Littlemiss 1 year ago
I'm guessing the suits pay keeps moving forward, whilst their employees pay goes backwards to accommodate the increases.
#38
Raven Sheridan 1 year ago
Send your boss a picture of you eating your Thanksgiving meal and giving them the finger.
#39
Ima Manimal 1 year ago
Better yet, forbid any bank bailout that gives its greedy executives bonuses.
#41
Thomas Klobucnik 1 year ago
Same problem as public schools. 20 years ago Chicago had 3 times as many administrators as teachers. Much worse now.
#44
And i was like WTF!! 1 year ago
I went to USA in 2012. on student exchange proggrame and i was there for 4 months. I got an opportunity to stay, but i decided i will come back to Europe. Best decision i ever made, i would hate to beg for a day off or to dedicate my whole life just to work work work
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What do you think ?
Suzy Creamcheese 1 year ago
You're an idiot. If the US defaults, the global economy crashes. It isn't just the people you hate who'll suffer.
Load More Replies... Suzy Creamcheese 1 year ago
You're an idiot. If the US defaults, the global economy crashes. It isn't just the people you hate who'll suffer.
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