02 Aug Obvious, clear Workplace Feudalism!
Wow. You can find that article in its entirety here: https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/
Does this give anyone else a flashback to the Wayne Pankratz situation about high gas prices and its impact on workers?
Allegedly, it was Machiavelli who first observed, “Never waste an opportunity offered by a good crisis.” It’s important that you know this. Does Corporate America intend to keep wages high to help you make it through the coming recession? Hell no. Wayne is saying in this email what I’m sure countless others have already war-gamed out in private. “Let’s just wait for the workers to get squeezed so badly they have to come crawling back… then we’ll cut pay and ensure they stay enslaved to us. Bu-waa-ha-ha!”
Let’s just sit back and wait for the recession – let’s let the inflation take the prices higher. Let’s let the housing bubble burst. Let’s watch things kind of get to more of a panic-stricken mode. So then we can squeeze the workers they’re going to have to come crawling back. They’re going to have to keep whatever job they’re in when the bottom drops out. So then we’ll give them pay cuts and make sure that they stay wage slaves here. If you think that those kinds of discussions are not going on behind closed doors, I beg to differ. And this email chain is proof positive that those discussions are going on behind closed doors. We just happened to find out about one of them.
-“Fiending for the Recession,” https://www.buzzsprout.com/1125110/10494627, episode published on April 28, 2022.
I have been on this blog and on my podcast FOR MONTHS warning y’all about this. If you thought Corporate America would not take advantage of a recession, inflation, etc., I dunno what to tell you.
Now we’re here.
Sadly, this is only the tip of the iceberg, IMO.
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