NP but robots and robber barons

Michael Bailey michael.lee.bailey at gmail.com
Tue Dec 11 09:08:44 CST 2012


alice wellintown wrote:

>> Two. corporate profits. Records. Sure enough. Do we want them to go down?

record profits is not a meaningful statistic, from an economic point
of view -- even a group of investors about to buy the company would
want to know about the ratio of profits to wages and other
expenses...if only so as to know how many thugs they will need to hire
to suppress unionization and how many lies they will have to tell to
try to motivate the employees who are getting exploited



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