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Hollywood strikes to cost US economy $5 billion-plus amid lost wages, film delays
(finance.yahoo.com)
this post was submitted on 30 Aug 2023
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These studios ironically would be saving more money if they agreed to the unions' terms.
That's the case with most businesses. Investing in your human resources always nets a positive ROI, but corpos can only see one quarter at a time.
I would love to see an experiment where they gave a company a tax incentive if they issued special shares that can only be sold in a life changing emergency that required the funds, or if at least 9 months passes.
I am not sure if it would make a big difference, but I would be fascinated to see if it created any management changes.
Although what I would really love to see is a tax incentive who paid there workers supplementally in shares. Basically you get paid a percent based off what your salary would be, and there is always a minimum and even if revenues fall you still make that minimum. Employee shares would always get preferential voting rights and if the company makes certain metrics they are forced to pay a sizeable percent of the dividends as a bonus to employees. Yes it leans a bit towards socialism, but I think if even a lowely cashier knew that their impact to the company would be directly reflected in their check they would try harder. It's a win/win for the company and employees, only Wallstreet loses something.