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aeusoes1 t1_j6iass6 wrote

Reply to comment by RocketScient1st in Private UBI by SantoshiEspada

You do realize that recessions are periods of reduced economic activity, right? Don't you think it might follow that this reduced economic activity would lead to a concomitant reduced need in a corporation's number of employees? Like, maybe that's why there are mass firings in those times.

Corporate CEOs have a fiduciary responsibility to maximize profits. Just last month we saw the US government step in to prevent rail workers from striking over a few sick days. You think they're going to have so much trimmable fat in their workforce that it's tantamount to UBI? That's..well, that is a take.

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RocketScient1st t1_j6l22om wrote

Ah the typical condescending Reddit comment “you do realize <enter basic fact>”… ad hominem aside…. Yes the board and CEO has a responsibility to act in shareholder interests so during times of cuts they too trim the fat on corporations to appease investors. Executives aren’t stupid and would not “trim the meat” by cutting staff that actually produce more than they consume in pay. They target the employees that add less value than what they cost.

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aeusoes1 t1_j6lbm81 wrote

Please don't take this the wrong way, but I made no actual personal attack (you do realize that's what ad hominem means, right?). People get prickly about that sort of thing, so I choose not to do so.

Anyway, it seems like we are in agreement now. Your most recent comment kinda contradicts what you said before, and I can't find anything I disagree with now. So good job!

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