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this post was submitted on 17 Mar 2026
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I don't know any CEOs, but I've known many business owners in my life and I've been one. The majority absolutely despise payroll as their biggest expense. They hate their employees, which will be replaced as soon as technologically and financially possible.
This is why there is a huge push for AI, every one of these greedy bastards would be perfectly fine with replacing every single employee. They see it as an improvement.
We as a society in the USA have gotten businesses backwards and put the cart before the horse, in my opinion. Our goal shouldn't be "shareholders will get the cream of the crop!", that road simply leads to a small group of people being fabulously wealthy, they see their employees as a middle man that they would rather eliminate.
We can change how corporations work at any time, but we'll need to get rid of our government first. They won't legislate themselves out of generational wealth, it's a fantasy to think otherwise. Never, ever in the history of Earth has the ruling class decided "hmmm I'm starting to feel guilty about rolling around in a pool full of gold Krugerands maybe this is a little much"
100% accurate. I ran a family owned grocery and the owners never shut up about payroll. As soon as I started managing a department it was "you're overstaffed" every flipping week. I explained my plan to use the extra hours to have the employees trained on how to make more prepared food instead of buying the premade junk. They complained and complained until the end of the second month when my numbers for prepared food in that single month grossed enough to pay for the extra staff need for over half the year.
They still complained I was overstaffed.
Thanks for articulating it this way for me. It's the hypocrisy that gets me, at least in my situation. I reported my boss to the directors. He was (still is) planning to cut a guy from our team, claiming he costs too much. But when I did the math, I found that my boss' personal expenses on food, gas, phone, vehicle, etc. (with increasingly unaccounted-for amounts) are more than that guy's pay.
My boss isn't worried about the financial health of the organization, he's worried he won't be able to keep spending it on himself if he has to pay the workers.
I've seen "the director" lay off employees on a whim whilst buying a new end table for 30,000 USD. Not a typo, I cut the check.
They'll take all they can, shareholders will let it go as long as the returns are good. In my opinion, a national minimum wage is stupid, but instead workers should be owners.
The profits shouldn't all go to a table full of vultures.
If many had their way,they would be perfectly fine with slavery
It’s worth pointing out that the company and CEO in question are South Korean.
It's a global issue that should be tackled, but American flavour capitalsm is definitely spreading through the world.