More strikes are likely to happen in the future if they dont conceed and even if there are strikes, underpaying your employees can lead to them leaving for better opportunities and you will likely have to replace them at higher cost, lower experience or both.
Of course, but inertia in peoples routines and daily life is also immense. They have definitely made some extensive cost/benefit and risk analysis on this scenario.
Considering that each chaebol owns many industries, that money goes right back into the pockets of Samsung. The chaebols effectively include company stores, with their own versions of KFC, Wendy’s, Krogers, Wal-Mart, 7-11, and so forth.
It is that never-ending greed of the rich, that makes them dissatisfied with merely getting most of the money. I suspect that even if they got everything, the executives would demand the flesh of the workers - because 100% isn’t enough, it must be MORE.
The bullshit justification for these cockroach companies is always about fiduciary responsibility to shareholders.
Shareholders need to start suing these companies for failing their fiduciary responsibilities by allowing strikes like this. The strikes are never surprising. They’re always obvious and the result is as well. All it does is cost millions/billions of dollars and is completely avoidable. How that doesn’t inherently fail the fiduciary responsibility is baffling to me.
you have to wonder how much it would cost to pay their workers a real wage versus taking a $2B!!! a day loss from strikes.
It is the principle of the matter. They’d rather cut off their own nose to spite their face.
2B/day is temporary one-off cost…higher salary is continuous recurring expense.
More strikes are likely to happen in the future if they dont conceed and even if there are strikes, underpaying your employees can lead to them leaving for better opportunities and you will likely have to replace them at higher cost, lower experience or both.
Of course, but inertia in peoples routines and daily life is also immense. They have definitely made some extensive cost/benefit and risk analysis on this scenario.
Definitely.
Considering that each chaebol owns many industries, that money goes right back into the pockets of Samsung. The chaebols effectively include company stores, with their own versions of KFC, Wendy’s, Krogers, Wal-Mart, 7-11, and so forth.
It is that never-ending greed of the rich, that makes them dissatisfied with merely getting most of the money. I suspect that even if they got everything, the executives would demand the flesh of the workers - because 100% isn’t enough, it must be MORE.
$2B/day is somehow.like 12 times the revenue they actually pull in across.the entire company
yes, but people can always strike again for longer and more often.
I’ve said this for years.
The bullshit justification for these cockroach companies is always about fiduciary responsibility to shareholders.
Shareholders need to start suing these companies for failing their fiduciary responsibilities by allowing strikes like this. The strikes are never surprising. They’re always obvious and the result is as well. All it does is cost millions/billions of dollars and is completely avoidable. How that doesn’t inherently fail the fiduciary responsibility is baffling to me.