Progressive Politics

1020 readers

438 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 1 year ago

MODERATORS

TokenBoomer@lemmy.world

After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs (www.commondreams.org)

submitted 3 weeks ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world

4 comments fedilink hide all child comments

"The corporate cure is always the same—lay off workers," said one critic. "Stock buybacks and layoffs are joined at the hip. It's time they were outlawed entirely."

you are viewing a single comment's thread
view the rest of the comments

[–] tempest@lemmy.ca 9 points 3 weeks ago (1 children)

The 1980s is when the baby boomers discovered the stockmarket but hadn't learned from the 1920s why some forms of regulation exist and then they just continued that mentality right up to the present.

[–] stoly@lemmy.world 2 points 3 weeks ago

The last baby boomer turned 21 in 1985 so that tracks.