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Economics@lemmy.mlEnglish · 2 months ago

‘We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

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‘We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

Jure Repinc@lemmy.ml to

Economics@lemmy.mlEnglish · 2 months ago

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'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits

CEOs cite the need to downsize in a rough economy, but it seems corporations are doing better than ever.

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2 months ago

With underlying facism and massive wealth inequality

Those are not unrelated.