From CNBC here:
Large companies actually cut back on bonuses in 2018 and plan to do so even more next year, according to new data from Aon, an insurance broker. (It surveyed 1,000 businesses with 5,000 or more employees.)
“It’s particularly startling in light of the fact that the economy is strong and company performance is very good,” said Ken Abosch, broad-based compensation leader at Aon.
It’s not startling, it’s business as usual.
The goal is not to pay you and not to make you prosperous.
The goal is to make as much money for shareholders as possible and pay it out to them in increased share price or via dividends.
I don’t know why any American with half a god damn brain would be surprised that wages aren’t growing.
It’s not a bug, it’s a feature.
From Reuters here:
NEW YORK (Reuters) – U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.
Rising wages eating into profits the way ebola eats human flesh!!!
The hilarious part of this fear is that investors and folks on Wall Street will take every fucking opportunity to pay themselves out the ass. No cheddar goes unlocked down there but you, you working at Wal-Mart or Target or fucking Family Dollar, you shouldn’t get $12 an hour, you should get $10 or less.
Different rules for different players, that’s how this game is being played.
From CNBC here:
But one strategist said a surprise sweep by Democrats would be a ‘disaster’ and could put President Trump’s pro-growth policies at risk in the future.
People rarely talk about the white supremacist aspects of our fine stock market but here we have it in spades.
Wall St. gives not one fuck about immigrant kids in camps, deportaitons, black folks getting hassled and fucked with non stop (including by the Justice Department). They don’t care if folks have enough to eat as they care only about their own private supply of hookers and blow.
It’s about the money and how much of it flows.
Aren’t you glad they got bailed out back in the day and aren’t you excited to know they will be bailed out again when they fuck everything up.
From the Guardian:
In the end, whether or not the supreme court nominee Brett Kavanaughis confirmed could come down to the vote of one senator: Susan Collins, a moderate Republican from Maine.
She’s not moderate, and for her to even consider her fellow piece of shit Kavanaugh is an insult to women.
Did she see his testimony?
Did she see a retired Supreme Court justice saying he’s not fit for the court?
Of course not, because she only sees what she wants to see. And that’s what makes her a partisan piece of shit.
Headline from CNBC:
Amazon’s hourly workers lose monthly bonuses and stock awards as minimum wage increases
Ah, this didn’t come out at the same time as the wage increase, he slipped it in a few days later. A PR genius.
Do Amazon workers get ahead with higher wages but no monthly bonuses and stock awards? My guess is they stay the same or lose ground cuz the Bald Vampire always wins.
A tasty blend of headlines this morning:
Chuck Grassley Spreads Weatherman’s Creepy Letter Smearing Kavanaugh Accuser
Man, what a collection of cosmic douchebags.
If you had a real candidate for the Supreme Court and not this alcoholic baby faced rapist you wouldn’t have to stoop to this shit to try push this shit across the finish line.
Let’s hope the Grim Reaper comes for Chuck Grassley soon, as he is an ill reptilian piece of shit.
Headline from CNBC:
Amazon raises minimum wage to $15 for all US employees
The bald vampire did not do this out of the goodness of his heart, he was forced into it by the public embarrassment sent his way by Bernie Sanders’ recently proposed legislation. That legislation would force large employers to reimburse the government for benefits paid to employees who are forced onto welfare type program due to low wages.
A lot can be done by embarrassing our cheap ass overlords and this is just one example.