LogFAQs > #878290419

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Topic	"Labor is being paid first again. Shareholders get leftovers"
SK8T3R215 05/01/17 8:36:16 PM #36:	tehzeldafanboy posted... Balrog0 posted... Wall Street freaked out, sending American shares plummeting. After all, this is capitalism and the capital owners are supposed to reap the rewards of business success. “This is frustrating. Labor is being paid first again,” wrote Citi analyst Kevin Crissey in a widely circulated note. “Shareholders get leftovers.”... What the FUCK The people doing actual work and actually producing are being paid THEIR dues first??? Oy... Because they already had a labor agreement in place. This is like coming home and having your wife say "Oh you know how we had that agreement in place to pay the gardener $100 a week? Well I decided to pay him $200 now because the neighbors were paying their gardener more." Shareholders were expecting a return based on the costs in place, now they have more expenses that lower their return on investments, and opens them up to basically having any future labor agreement be renegotiated in the middle of it by doing this. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:878290419] in "Labo... [t:75301085]...</cite> <quote><cite>tehzeldafanboy posted...</cite> <quote><cite>Balrog0 posted...</cite> <quote>Wall Street freaked out, sending American shares plummeting. After all, this is capitalism and the capital owners are supposed to reap the rewards of business success. “This is frustrating. Labor is being paid first again,” wrote Citi analyst Kevin Crissey in a widely circulated note. “Shareholders get leftovers.”...</quote> What the FUCK The people doing actual work and actually producing are being paid THEIR dues first??? Oy...</quote> Because they already had a labor agreement in place. This is like coming home and having your wife say "Oh you know how we had that agreement in place to pay the gardener $100 a week? Well I decided to pay him $200 now because the neighbors were paying their gardener more." Shareholders were expecting a return based on the costs in place, now they have more expenses that lower their return on investments, and opens them up to basically having any future labor agreement be renegotiated in the middle of it by doing this. --- New York Knicks, New York Jets, New York Yankees.</quote> ... Copied to Clipboard!
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