Look at social democratic European states for inspiration. High unionization (supported by the state), unemployment benefits, cheap or free higher education.
replyCompanies can still do layoffs, but that’s how you manage the consequences at a societal level.
I know the unionization part is contested these days in Europe, too - but it is still much stronger than in the US.
Starting around 1970 the rich started working very hard to expressly undo the power labor gained during the New Deal.
replyAnd to think, if they could just take less, and be satisfied being billionaires, not tens of billionaires, this could all be avoided... people don't ask for much. Give them a little, you'll be fine.
replyBut that won't please The Market.
Chuck Robbins is not a billionaire. Yes, he's still extremely wealthy, but I really feel it's important to understand that that labor-capital relations are not primarily defined by people being greedy and wanting Bad Wealth when they could be satisfied with Good Wealth.
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