Dnarever wrote on Jul 29
th, 2015 at 2:10pm:
In the tough times many companies were offering way below inflation pay increases. Where I was employees were offered 1.5% in 2008/9 these were people who were getting around 2% when the inflation rates was at 3.5% or so for all those years.
The employees were taking real money pay cuts in the good times and then expected to take deeper cuts when things got tough. In the same years we seen record management bonuses. I was seriously embarrassed.
Exactly what happened when I worked for Hastie around 2008/2009. Taking wage cuts while those on top gave themselves rises and bonuses, funny that the workers took all the pain, while those on top engaged in outright fraud, golden parachuted with millions of dollars and the entire company went tits up.
Also once again, the right wing rhetoric here doesn't take into account the class nature of society. Rich people doing business are not taking much risk because they have money to spare, your poor or working class person has almost no chance of starting their own successful business because they have no access to Capital and the risk for the working class person is generally not worth it. Even when I and 6+ other investors wanted to start our own business, the bank wanted EVERYTHING we owned on the line, that was too much risk for us. For a single person born into a million dollars or several million dollars, the risk of Starting a business is near nothing, if they fail, they still can easily live out a comfortable life and they lose some cash that means largely nothing to them.
It's also important to remember that the vast majority of businesses fail. probably for every 1000 businesses that start up, only one ever goes anywhere.
Though to the Right wingers this means nothing, because they don't believe in class or inequality except when people question the motives and actions of the ruling elite.