RANDOM REMINDER
theft is the #business model of capitalists; because capitalists’ main goal is to produce #poverty.

in a 2014 Economic Policy Institute study of #wageTheft, they found it was 3x the size of all forms of robberies ―in USA―, COMBINED.

and their data mostly excludes high earners, because most labor protection laws focus on hourly, minimum-wage workers.

they estimate wage theft costs USA’s workers $50 billion ANNUALLY ―and this excludes the loss of #wages vs #productivity gap… 🧵

sources:

‘Wage Theft Is Built Into the Business Models of Many Industries’ — FAIR - https://fair.org/home/wage-theft-is-built-into-the-business-models-of-many-industries/

An Epidemic of Wage Theft Is Costing Workers Hundreds of Millions of Dollars a Year | Economic Policy Institute - https://www.epi.org/publication/epidemic-wage-theft-costing-workers-hundreds/

Wage Theft Costs American Workers as Much as $50 Billion a Year | Economic Policy Institute - https://www.epi.org/press/wage-theft-costs-american-workers-50-billion/

🧵

#labor #wages #poverty #capitalism

sources:

‘Wage Theft Is Built Into the Business Models of Many Industries’ — FAIR - https://fair.org/home/wage-theft-is-built-into-the-business-models-of-many-industries/

An Epidemic of Wage Theft Is Costing Workers Hundreds of Millions of Dollars a Year | Economic Policy Institute - https://www.epi.org/publication/epidemic-wage-theft-costing-workers-hundreds/

Wage Theft Costs American Workers as Much as $50 Billion a Year | Economic Policy Institute - https://www.epi.org/press/wage-theft-costs-american-workers-50-billion/

🧵

#labor #wages #poverty #capitalism

RANDOM REMINDER
theft is the #business model of capitalists; because capitalists’ main goal is to produce #poverty.

in a 2014 Economic Policy Institute study of #wageTheft, they found it was 3x the size of all forms of robberies ―in USA―, COMBINED.

and their data mostly excludes high earners, because most labor protection laws focus on hourly, minimum-wage workers.

they estimate wage theft costs USA’s workers $50 billion ANNUALLY ―and this excludes the loss of #wages vs #productivity gap… 🧵

Labor productivity in fiscal 2024 rose 0.2%, marking four consecutive years of growth, according to the Japan Productivity Center think tank. https://www.japantimes.co.jp/business/2025/11/16/economy/labor-productivity-rise/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #inflation #wages #jobs

Japanese businesses are focusing too much on shareholders, Prime Minister Sanae Takaichi said Friday, in comments that flicked at her frustration with firms for not using more capital to raise wages. https://www.japantimes.co.jp/business/2025/11/14/economy/takaichi-against-shareholders-focus/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #wages #inflation #japaneseeconomy

It manages the contradiction not by overcoming it but by exporting its #costs. Through #imperialism, social #democratic states extract cheap #labor & natural #resources from the #globalSouth, allowing them to sustain prosperity, high #wages, & #welfare systems at home while keeping #capital #accumulation intact.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #RepublicanParty #Trump #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist

It manages the contradiction not by overcoming it but by exporting its #costs. Through #imperialism, social #democratic states extract cheap #labor & natural #resources from the #globalSouth, allowing them to sustain prosperity, high #wages, & #welfare systems at home while keeping #capital #accumulation intact.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #RepublicanParty #Trump #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist

At its core, #socialdemocracy seeks a balance between #capitalist #profit motives & #socialist calls for fair #wages, quality #public services & #ecological protection.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #DNC #RepublicanParty #DonaldTrump #Trump #JDVance #Vance #JoeBiden #Biden #KamalaHarris #Harris #TimWalz #Walz #Democracy #US #USA #ElonMusk #Musk #Fascism #Fascist #BernieSanders #Sanders #AOC #FraudSquad #Progressive #Progressives

Prime Minister Sanae Takaichi plans to revise the public servant remuneration law to cut the salaries of Cabinet members including herself during the ongoing extraordinary parliament session. https://www.japantimes.co.jp/news/2025/11/08/japan/politics/takaichi-minister-pay-cuts/?utm_medium=Social&utm_source=mastodon #japan #politics #sanaetakaichi #ldp #nipponishinnokai #wages

UA Zensen said it plans to target the same level of wage gains for regular workers in next year’s pay negotiations as it did for this year, as the Bank of Japan closely scrutinizes the momentum for wage growth. https://www.japantimes.co.jp/business/2025/11/06/economy/japan-union-group-seeks-wage-hike/?utm_medium=Social&utm_source=mastodon #business #economy #unions #wages #boj

The underlying wage growth remained steady in September, keeping the Bank of Japan on its tightening path as markets look for triggers for the bank’s next move. https://www.japantimes.co.jp/business/2025/11/06/economy/wage-growth-september/?utm_medium=Social&utm_source=mastodon #business #economy #mhlw #wages #boj #japaneseeconomy #economicindicators #tariffs #us

Mizuho Financial Group’s chief executive officer said he feels confident that Prime Minister Sanae Takaichi’s pro-growth policies and the Bank of Japan’s interest rate hikes will boost his bank’s businesses. https://www.japantimes.co.jp/business/2025/11/04/companies/mizuho-takaichi-boj/?utm_medium=Social&utm_source=mastodon #business #companies #mizuho #banks #sanaetakaichi #boj #inflation #wages #japaneseeconomy

Prices of 143 products from 195 major food and beverage makers in Japan are set to rise in November, down 58.4% from a year earlier and marking the first decline in 11 months. https://www.japantimes.co.jp/business/2025/10/31/economy/food-price-rise-november/?utm_medium=Social&utm_source=mastodon #business #economy #food #surveys #wages #snacks