“Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC.
  • LustyArgonian@lemmy.worldEnglish
    6·
    2 days ago

    They actually kinda legally DO have to follow fiduciary duty towards their shareholders. If their shareholders were also all the workers of the company, this then wouldn’t be a conflict to pay them more, right? But that’s actually literally socialism and that’s why socialism is a boogeyman

    • brucethemoose@lemmy.world
      2·
      1 day ago

      Worker coops are not socialism though. It’s technically capitalism, and it’s not something you’d see Fox railing about.

      They just don’t arise much in the current system of stuff.

      • LustyArgonian@lemmy.worldEnglish
        3·
        1 day ago

        Worker co-ops are indeed socialism if all the shareholders are also workers, because it’s the workers owning the company (means of production).