Like.. what about this sounds like it's a good place to work? Are they actually preying on people in bad situations that only need a job, any job, just to pay the bills?
Yes. That's the bedrock of our economy. Millions of people on the brink of financial ruin working low income, dead end jobs. Even if they were qualified for better paying jobs (and many of them are), it's a pyramid-shaped hierarchy. There will never be enough room for advancement to accommodate everyone, and there will always be millions of crappy jobs that need to be done for the economy to function, so there will always be millions of people stuck on the bottom.
It's a system that fundamentally traps people in poverty and only allows a small number of people to succeed, while funneling a majority of the wealth to a small number of individuals at the top. They can then use their wealth to influence the government in order to erode regulations so that they can avoid assuming any risk themselves, undermining the basis of the free market.
Not the worst, they just got caught. This is an industry-wide problem, and extends to most other industries. I mean, have you seen what goes on in Tyson Chicken Factories or Amazon Fulfilment Centers? Outsourced labor is even more exploititative. Nearly every publicly traded company pushes their policies right to the edge of legality, and crosses that line as much as possible without getting caught. If they do get caught they handle it in arbitration, settle out of court, quietly resign, etc. The only time you hear about this stuff is when there are whistleblowers.
That's what happens when lobbyists and PACs are allowed to erode corporate regulations and worker unions are aggressively -- sometimes violently -- dismantled. Late-stage capitalism, the guard rails fell off a long time ago. Chase short term profits, cut corners, lower wages, layoff workers... and then bail with a golden parachute when everything falls apart and the workers are the ones everything lands on.
If Kotick does resign, he wont face any real consequences and will just be replaced with some other shark in a suit, beholden to shareholders and thus profit. If there's any ray of hope in this story, it's that the ABK Alliance has actually made pretty significant progress in forcing Activision to comply with their demands, in large part because people have kept ATVI under intense scrutiny. They might even manage to unionize. I won't hold my breath, but it would be a massive step in the video games industry.
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Yes. That's the bedrock of our economy. Millions of people on the brink of financial ruin working low income, dead end jobs. Even if they were qualified for better paying jobs (and many of them are), it's a pyramid-shaped hierarchy. There will never be enough room for advancement to accommodate everyone, and there will always be millions of crappy jobs that need to be done for the economy to function, so there will always be millions of people stuck on the bottom.
It's a system that fundamentally traps people in poverty and only allows a small number of people to succeed, while funneling a majority of the wealth to a small number of individuals at the top. They can then use their wealth to influence the government in order to erode regulations so that they can avoid assuming any risk themselves, undermining the basis of the free market.
Not the worst, they just got caught. This is an industry-wide problem, and extends to most other industries. I mean, have you seen what goes on in Tyson Chicken Factories or Amazon Fulfilment Centers? Outsourced labor is even more exploititative. Nearly every publicly traded company pushes their policies right to the edge of legality, and crosses that line as much as possible without getting caught. If they do get caught they handle it in arbitration, settle out of court, quietly resign, etc. The only time you hear about this stuff is when there are whistleblowers.
That's what happens when lobbyists and PACs are allowed to erode corporate regulations and worker unions are aggressively -- sometimes violently -- dismantled. Late-stage capitalism, the guard rails fell off a long time ago. Chase short term profits, cut corners, lower wages, layoff workers... and then bail with a golden parachute when everything falls apart and the workers are the ones everything lands on.
If Kotick does resign, he wont face any real consequences and will just be replaced with some other shark in a suit, beholden to shareholders and thus profit. If there's any ray of hope in this story, it's that the ABK Alliance has actually made pretty significant progress in forcing Activision to comply with their demands, in large part because people have kept ATVI under intense scrutiny. They might even manage to unionize. I won't hold my breath, but it would be a massive step in the video games industry.