Elon Musk: I disagree with the idea of unions
ฝัง
- เผยแพร่เมื่อ 28 พ.ย. 2023
- Elon Musk sits down with Andrew Ross Sorkin at the 'New York TImes' DealBook Summit' on a wide-ranging interview including anti-semitism, an advertiser boycott, Tesla, AI and more.
![ตรงที่เดิม - ฝน พรสุดา [ต้นฉบับ : เบส ขวางหวัน]](http://i.ytimg.com/vi/c5YnbGEztI8/mqdefault.jpg)
I never know a CEO that love the unions
Do unions have CEOs?
@@MaximilienDantonno
Ford when he first started actually invited in and worked with the unions. That’s honestly the only example I can think of.
What do unions do and why is it so not very desired by Elon ? Thanks
@@JusZardthey deny employers the ability to exploit workers.
Pay people enough and they may not need a union but that’s not what has happened historically. Working people have no leverage to negotiate as individuals against a multi million-billion dollar organization unless they have an organization.
the income effect suggest that people dont ever feel they are paid enough.
Everyone I know that works in the trades always wants to work union because they pay the best and have good benefits.
@@dankz7061 Because companies pay donations and have lobby groups. Why? To influence public policy. Get rid of political donations (legalised briary) and lobby groups and the, and only then, would your statement be true. Because when you break it all down, companies and lobby groups are just another gang of people out to maximise outcomes for themselves. So why shouldn't workers have their gangs too?
Whether you are a slave, or a worker, or a bourgeois/business owner, or an aristocratic landlord, you will never felt satisfied. "Enough" is never enough.
If you think you generated much more value than you get back, you will find it easy to get a better offer elsewhere.
Multi billion dollar corporations are actually the ones that are most receptive toward unionization and regulation, since they can stifle their competition by dramatically increase the cost of doing business for newcomers. Thus maintaining their position in the industry.
In such highly regulated and unionized environment, both the workers and the business owners can enjoy relative stability, at the cost of innovation and customer satisfaction.
That is till competitors from abroad, which operated in much more _laissez faire_ environment hit you hard with their cheaper and more innovative products.
@@barrytelesford5265 It doesn't really though. It suggests their demand will increase for quality goods while decreasing for inferior goods. Elasticity of demand still applies, as does substitutional goods. Just because I have 3x as much money as my friends, doesn't mean I wear 3x as many clothes. Maybe just slightly more expensive ones, but there's still a point of decreasing demand, and arguably my clothes are a lot better made and so last significantly longer. One doesn't become a pillock just because one's fortunes change. Most wealthy people have significant wealth tied up in illiquid assets, money they really (obviously) don't need.
Ive worked in good unions, that stood up for me every chance they got, but I've also worked in two terrible corrupt unions that robbed me and my coworkers for their own benefit and really left a bad taste in my mouth. I think it totally depends, not all unions are good and not all of them are bad.
I think Musk would agree with this, he was referring to corrupt unions but a good union is not inconceivable.
Yes
Afaik Problem in US is that unions become monopolies. There is one union per enterprise.
In Poland there is still choice of unions. Many times they just combine their efforts if necessary, but it is good to have competition.
Unions are always good.
@@radicalaimElon Musk don't know what union is. The lord and peasant is the most stupied I ever heard and I have heard Donald Trump in video interviews.
I can't speak for the American perspective of unions, however, I couldn't imagine a day at work here in Denmark without the concept of unions. Without them it would feel like a wild west market with no reciprocity between employer and employee. You don't want government set rules but for society to shape them through the free market. It's a big safety net for families and creates better transparency in a working relationship.
You nailed it
I have no idea how Americans got talked out of strong unions. It's why our society has completely eroded. But it's our life now, work hard and set yourself up right or die in the street without healthcare. I'm fortunate that I'm a software engineer who is good with money, but many others are not so fortunate.
America is overrated. The most commonly cited reason for bankruptcy is medical debt. The leading cause of death amongst minors are guns. Conservatives here don't even want school lunches to be free for kids. They are willing to let impoverished children go hungry.
@@ssiko52 Most Americans don't even know what a union is. They really have no idea what unions are, or how they work. All they are told is that greedy union bosses come in and take part of their pay. That's all they are told.
*it's a great way for the lazy and people who don't want to work hard to keep their jobs until they want to quit.
It's like Congress!
A union enabled me to save money,, get top quality healthcare for my whole family for life and retire comfortably
Tesla helped me retire comfortably, at 22
Then the company you worked for was trash for not providing that without one. The difference here is Tesla provides great benefits to all their employees, including top healthcare coverage and stock options for part ownership in the company. The more successful the company, the more the employee makes.
When a company structures itself properly all a Union is going to do is disrupt things, create division and promote bad work ethics.
Exactly, it's just about fairness.
Hard work will also achieve this goal.
@@Tiigerr You're expecting companies to structure themselves to benefit employees out of the good of their own hearts? Companies work for their shareholders' interests, not their employees.
Your example with Tesla is moot since they don't provide healthcare to all of their employees and have a history of breaking labor laws to silence people who work for them. That's not even getting into the international troubles with countries like Sweden.
Put down your Elon pom-poms and learn the benefits of organized labor.
UPS hourly employee and Teamster for 32 years here. Although unions aren’t a perfect solution for every workforce and even though there has been a fair share of corruption I can say that I have been very happy being a union employee. They have made it possible for me to make a good living and have protected my rights as a worker.
Interesting. I have a similar outlook on the overall effect of the UPS union but also saw many flaws. It felt like I worked twice as hard as old timers but at half the rate. Loyalty should be valued but why should someone work twice as hard and get paid half the rate? Seems anti-competitive. Maybe this was just my experience local to my area. Curious to hear your thoughts. Respectfully.
I've tried by tooth and nail to get a job at a UPS Warehouse, and just as soon as I did, Amazon unionized it's logistics department and I was laid off. I will never work for a union that only shows me the door after 6 months. I get that the newest employees are expendable, but why should I try risking it all again just to for the same bs to happen? I hate unions. And I have no respect for the union leaders. And that certainly won't change.
@@IVIonsterrrrHDPro yep that’s the difference between the skilled trades unions and others. Seniority. It really sucks from what I’ve seen
Yeah and that new contract is bankrupting UPS as their share price has plummeted. I worked as a supervisor at UPS for 3 years and let me tell you, that union is the ONLY reason a LOT of those bum mfs even have a job still.
That is the point of unions: to benefit their members and attract new ones. Anybody else is second to that goal.
Bro, Elon doesn't like unions "creating" a Lords and Peasants situation.. Elon's net worth is $200 Billion, he's the one who creates the situation, the union is just the one who explains to the peasants what's happening, and fights on their behalf
“We made many people who were working the line, who didn’t even know what stocks were… we made them millionaires.”
Funny that's where they chose to cut it. Can't have people thinking that the big evil capitalist actually cares to reward the early employees who worked hard.
😂
It’s true
@@jerry19484nope
I know one. 😂I'm jealous.
A billionaire against unions. Never!
What is more surprising is that today, leftist liberals are supportive of censorship and generally trusting of billionaire corporations and their ideas pushed through NGOs.
You didnt watch the whole video lol
What is more LOL? Me thinks it is the 42 likes. Go team!
Unions killing business? no way...
Outside of sports (which is held up by gambling anyway), name one industry that unions haven't completely f**ked.
in an ideal world, unions wouldn't be necessary. but it is important in order to make sure people are not being taken advantage of.
Unfortunately We don't live in an Ideal world. Companies are greedier than ever. Unions are the only way to get a honest days pay, for a honest days work.
@@user-hu6wq6kp6uUnions are also a way to over pay the low skill workers and help drive up costs.
No. If the company offers a good rate of pay and benefits, people will want to work there. Too many unions think they deserve the same as the risk takers when they don't risk a thing. They should trade a good day's work for a fair wage. If it's not a fair wage, don't work there. The company will need to up their game to the point that they attract people/workers.
You forgot Pension, and the most important. A safe workplace, because that is the Law. Problem is too many companies and even Unionized companies, because of the CEO’s only take care of the shareholders and put the workers in danger. Non union crap jobs usually take advantage of immigrants, or temp workers. Temp workers get the most unsafe jobs because they are too scared to be sent home. Do not know the law. I live it and work it and see the abuse. If big business did’t cheat the workers, you wouldn't need Unions. But over 130 years later, they still cant figure it out. So the Need for Unions will always be. Plus all the union dues are tax deductible. another bonus. Unions earn their money. These are the FACTS. NO DISPUTE!!!!@@TeutonicNordwind
@@TeutonicNordwindMany workers can’t pick and choose. I live in Australia where we have universal healthcare, universal compulsory superannuation, 5 weeks annual paid holidays and many other benefits. These conditions were achieved by unions and the Australian Labor Party. Also we have the highest minimum wage in the world. Musk is a fair weather boss!
You don't like lords and peasants? That's what life was literally like BEFORE UNIONS!
yeah his argument is pretty much complete nonsense
Its true though @@Shajirr_
I was part expecting the comment section to be blue pills simping for their rich overlords. This comment section is refreshing.
I would have to say that Elon is way more celebrated and simp'd on by red pills.
@@andremessado7659 I understand where you are coming from. I have a feeling he is more popular with conservatives. Not your old school hardened ones who were cynical about all forms of authority though. New age conservatives who tend to be ridiculously obsequious about wealth and power. Their reasoning mostly tends towards 'if you are right/successful/happy where is your wealth?' They seem like blue pills under the delusion they cracked the Matrix and see through it all 😄.
Maybe you should stop seeing people as purely "pills" and expand your mind.
Tesla is fighting sweden on this issue, we have very strong unions that are integrated into society and how we run everything, and tesla is trying to be an exception to this
Do you believe in freedom of choice? Or is that too old fashioned/
@@AlternativPerspectiv if an immigrant crosses the border, should they be free to do WHATEVER or should they abide by host nation's rules?
Sweden chose unions. You as a foreigner don't get to come in and throw a hissy fit.
So you chose the mafia model.. ok... @@babufits1584
@@babufits1584also applies to people
Tesla is an exception to many old ways - Tesla is literally disruptive, and I, for one, am hugely grateful. Their cars are incredible.
CNBC, you antiquated relic of old media, just post the whole interview as a TH-cam video. These ridiculous bite-sized segments of the pieces your editors think are most newsworthy are so obnoxious.
Lol you are old. Don't you watch any podcast channels? That is what everyone does with long interviews.
Literally this is what TH-cam wants. The algorithm promotes smaller clips.
PLEASE don't display your hypocrisy in such a blatant manner, as so many Far Right TH-cam posters do. If you truly believed CNBC wasn't credible and valuable, you would be spending your time elsewhere.
@@desedia2718 It actually doesn't. Many channels grew on hour+ content. Easy to grow when you have the most talked about person on.
found the delusional tool made on an assembly line. "far right" ukraine flag, you people have no real opinions of your own its disgusting lol
@@jlvandat69
I disagree with any CEO that fails to negotiate in good faith. Without a union, essentially a form of government a work force has no ability to redress labor issues. Therefore you are actually a Lord without question. It is time to bring you holdings into greater antitrust scrutiny.
Why, it’s his ducking company. Why do people sign contracts then whine? Stay unemployed then. And if it’s so easy to start your own business.
Almost all companies are against unions because it takes some of the power away from the employer and gives it to the lowly worker. It's all about keeping your job as insecure as possible. That way employees are less likely to complain about their working conditions. Keep people scared for their jobs and they'll keep their mouths shut.
Companies tend to be against unions because they slowly burn profits ultimately slowly burning down entire industries . Why are so many coal mining towns , ghost towns now
The free market means that individuals who sell their labor are justified in forming alliances to leverage their negotiating power. The alliance is like a corporation that sells labor to other corporations that want to buy labor. The labor-selling corporation has to be mindful of its prices and terms, and how their "customers" are able to afford them now and how they compare to foreign competition.
it's not enough tho, why can't we use the state?
@@tiramisuvodka8353commie scum
@@tiramisuvodka8353 Because it doesn't work anyways and because it is megacringe to give the state more power in any shape or form. Free markets with organised employers and organised employees is the way.
But if it's a free market, shouldn't the company be able to fire people if they form a union? It's taking the company hostage in some ways.
@@programmer1840they can they just don't sign paperwork and fire everyone nothing stopping them from that other than it cost more money to find and hire new people than to keep and pay their current employees.
Of course he does, why on earth would he ever want to take care of his employees? Retirement, Health Insurance. We certainly wouldn’t want one of the richest men in the world to give his employees a decent life.
Unions create a lord and peasants? No sir, you already did that.
Love your comment about executives separate elevators. At State Farm Insurance executives have separate underground parking. Next to that is their own elevators to whisk them up to the penthouse, bypassing the slaves so they never have to interact with common employees. Talk about a distorted version of reality!!!
that isn't a union thing.
@@juanvasquez6535 Unions create a them and us situation which was the point of Musks comment.
@@polarxta2833they don't though it's better for the company and the employee skilled labor for a fair rate
@@yesac101 Except what then happened is the companies moved overseas for cheaper labour. Australia no longer manufacture's any cars because of unions.
@@polarxta2833 No, CEOs created a them vs. us situation. CEOs have been exploiting employees at most companies for centuries. Elon says that there's no hierarchy in Tesla, but he's lying. Elon hasn't worked the line. He's never depended on a line job to provide food for his family. All Elon cares about is his own profit margin and he'll happily step on his workers in order to get it - just like every other CEO. As long as that's the case, unions will be needed.
The # 1 way to overcome unions. Is the company provide better benefits with no union dues. #2 Employees are part owners the company, pay based of profits.
The employees could buy stake in the company if they want. The people who get the stake by default are the people who put their money at risk to fund the starting of the company.
When you have a union you have a negotiated contract. Without a contract the company can abuse the workers.
@@tonygrowley5275 if the workers are being abused they should leave...
@@YHDiamond Yeah... as if. Did you ever work a job you didn't like, but it paid the bills to support your family? Most people have. That's why they form unions, so they can use their collective power to level the scales.
@@tonygrowley5275 I'm not saying you shouldn't take a job you don't like, I'm saying you shouldn't take an abusive job, or if you're at one you should leave.
I have spoken to many americans that are against unions. The problem is that most of the time they don't fully understand how a proper union is managed and what they actually do for the society and it's people. Where I come from they are in active conversations with the various businesses and everyone always try to come to an agreement before going on strike. But sometimes the workers, the unions and the businesses are so far apart from one another that a strike occurs. And then usually they meet each other halfway. So it's not that having unions are bad, the businesses are the same. When they do come to an agreement you notice very fast that there was actually room for negotiations and the workers got better paid.
Or got out of a job cause the company went belly up. In America, that is the case a lot of times. The unions can make it so hard to remove useless employees that the company suffers as a whole in the long run, and then everyone's out looking for new work.
All the unions I have had experience with defend the worst employees, the teachers union is a good example.
That is one issue with unions for sure. If an employee is bad, stop defending them. Kick their ass or let the company do the right thing and fire them! Unions should be about workers rights. Part of workers rights is the right to not be stuck working with incompetent idiots that make your job harder.
That is true, yes, but not completely true. They typically do not last. I was a teacher for 11 years and the 50th percentile was 4.7 years -- that is: half of all teachers would burn out or get priced-out due to low pay or leave the field and do something else, which was sad because often these were the top teachers. Anyway, almost always included in the attrition group were the mediocre, lazy, unqualified teachers because the students would effectively weed them out as a consistent, giant amalgamated cohort, making the classroom environment unbearable. And the rep in the teacher's union would help them make the transition to a new career. At least in my school district mediocre teachers represented a small fraction of those who had the capability to survive. Nevertheless, yes, some unqualified ones survive and there is some union rep who will make the lemon dance and point them to a new school district to destroy.
In the 1950s and 60s when the middle class was strongest, almost half of the workforce was unionized. Since the 2000s it's been at 10%. I'm in a union and if we have a lazy coworker that we have to pick up slack on, we report them and they get written up and either straighten up or get fired. Abusive managers are forced to talk to us with a little respect. Unions are the best thing for the middle class and since union membership has eroded so has the middle class.
Yeah it was because of thr unions, not because we where one of the only countries on earth that walked out of ww2 unscathed. Yeah it was the unions, not our 10-15 yr monopoly on all things production. And im sure the middle class is suffering because we dont have enough unions, not because companies have outsourced all production to foreign countries.
@@richardrussel4567 Those aren't exclusive. If you're seriously going to try to argue against unions then you're a brainwashed pawn for the ultra rich. Every study shows better pay, benefits, job security, pensions, and health insurance across the board for union jobs over non-union of the same position. Don't be ridiculous.
@@richardrussel4567lack of unions is not the only reason of course, but still one of them.
Too many are never taught this stuff.
@@richardrussel4567 Agree! The A.W.U. is going to push Ford and G.M. to open more manufacturing in Mexico. And you can bet the car manufacturers will replace these employees with A.I. and Robots just soon as they can. They can writeoff the cost of Robots that never sleep and never complain. Like Elon has said before the development of A.I. for self driving cars can be used in many other area's and that includes manfacturing.
I have worked union jobs and nonunion jobs. I am currently a business owner with no employees except myself. From my experience, the main difference between a union job and a non-union job is that in a nonunion job if you have a problem you are at the mercy of human resources. And if Rebecca in human resources doesn’t take a personal liking to you, you’re pretty much SOL. On the other hand, with unions, there are specific procedures that need to be followed if you make a formal complaint against the company. Other than that, there’s not that much of a difference across the board.
Union jobs also protect the shiftless and lazy, as in theory it makes it hard for a company to sack those not pulling their weight. But then again, Unions themselves are useless. I'm not a member of a Union, but I was able to have a rep with me during a dispute 10 years ago. It was a sobering experience on how useless unions are - needless to say I resigned from the company and haven't looked back.
@@bobpage6597exactly. I work with union and they can’t do anything about bad employees, beside doing something illegal, no one gets fired. It’s easier to leave the department or the job itself to get away from that employee than to get rid of that bad employee, even with multiple complaints.
@@bobpage6597 and non-union jobs often promote the shiftless and lazy to middle manager positions. there are pros and cons with both but the truth is that it really depends on how well a company is run and whether the pay and benefits make the job worth doing. I've found that union or not, most jobs are not worth doing and that's why I became my own boss. Now, all the problems are on me and i either solve them or don't.
Not true you voted the wrong people into your union power structure
@@user-ux4gj1mq4c that has much more to do with government than unions. if UPS wants to switch logistics software, it doesn't require several years negotiations with teamsters to implement the changes. on the other hand, i was once involved in the decision making process for historic building repairs at a national park. no unions involved in the process at all until the decision would be made to go ahead with repairs, and yet that decision took laughably long to make because of government bureaucracy.
If businesses put half the energy into their employees as they do into making profits at all costs, there would be no unions.
My dad was a union steward. He took his job very seriously, wanting to be fair to both sides. Therefore, both sides loathed him. He was stressed out by his bosses (at the bequest of their bosses) to get my dad to quit before his 30th anniversary. Instead, dad had a stroke while on the job. The company paid his hospital and treatments and he was awarded a pension until he died. Dad was blessed with a miraculous recover after a night of prayer. He went on to live over 30 years more.... more than he worked for that company. During all those decades of retirment, they had to pay his monthly pension. Our family by no means were made rich by this, but there is some satisfaction that the bit/chez had to pay more money than if they had just let him retire at 30years with its bonus pay.
Your poor father. There's no reward in being the good guy. Glad he came out on top.
Your dad sounds like a leech, another reason to hate unions and union workers
Glad your dad got healthy again. ... Confused, isn't a union steward supposed to advocate for the workers, and not be fair to both sides, but also kind of be fair to both sides?
SOUNDS LIKE A COMPANY MAN!
Hate to break it to you, but the doctors and nurses saved your dad, not God. God doesn't care.
Unions exist because companies treat their employees as 'peasants' and pay them that way. On the flip side people can be lazy and inefficient. If people were efficient in their work, constantly looking for ways to improve, and if companies paid them well and didn't have the task master of next quarters profit figure dragging at them, corporate America would be so improved and there would be no need for unions. That nirvana will never exist because of greed and the 'next quarter improvement' mindset of how the entire financial aspect was built.
Totally false. Companies pay whatever is required by the company, you dont have a right to a job. Unions are mafia dens that result in harassment of companies, pitching employees against the bosses and basically making sure that major components are all built outside of the host nations.
Overpaying someone creates laziness and contempt . If you are worth a price go prove it and get paid . Complaining collectively is not value . It’s a complaint . Solves nothing . Paying them more doesn’t make then more skillful. Does it
“People can be lazy and efficient”, yeah sure, if you believe what the companies tell you to think.
@@joshuasmith9350paying them more incentivises them to perform, to keep their good pay. This is proven in studies.
You’re parroting the stuff that big business owners and execs have taught you to believe in order to help them pinch pennies.🤦🏻♂️
Well this is Tesla, not GM😂
BREAKING NEWS: BUSINESS BILLIONAIRE DOESN’T LIKE UNIONS 😂😂😂
yeah... I dunno how this is shocking to anyone. The only thing shocking here is how many corporate peen gobblers there are in the comments.
What a shortsighted and poor listener you seem to be. You missed SO MUCH of what he spoke to there, and simplified it to something you could rail against....
Why would a business owner like a group that is meant to hold them hostage
He can make all his own cars and things by himself then. See how that works for him.
The purpose of the union is to try, often unsuccessfully, to equalise the power differential between capital and labour. Sounds pretty reasonable to me.
rooting for the swedish working folk. and their union.
ok coomie
Okay you didn't listen to the rest of his answer
"No lords and peasants, everyone should eat at the same table." If there has ever been a time in humanity to change this, it's now!
yeah unions are there to get a seat at the table.
US Oligarchs love XI he keeps people inline permanent ruling class standing O all hail president for life XI
nope
i dont want to eat at the same table as meth addicts and junkies.
It's a great idea. No one in Musk's position has presented a single good idea on how to make that happen. They all just lobby for more power.
We have weekends because unions pushed for more breaks in the latter half of the 19th century. Then in the 1930s the weekend was finally here. Mostly due to unions and then employers noticing an increase in production.
Unions were created to protect the employee because companies lost site a LONG time ago of taking care of the people that run their companies. So employees formed Unions to protect themselves and their best interest. When a company cares about it's people it thrives, when a company only cares about it's share holders, not only does it show but the employees don't care about the company.
What!? Companies never had that "sight" to begin with! They've always been awful and will always be awful.
Please name a time when workers were treated with respect without unionisation… I’ll wait…
Elon specifically doesn't take care of his employees.
Now what happens when the workers are the owners/shareholders?... like with Tesla?
@@CG-dd9tb Interesting... I worked for an engineering firm in prototype fabrication. More often than not I was building complex machinery from sketches even before blueprints we drawn. If I ran into conflicting sketches I'd call the owner and ask which sketch to follow. Almost always I was told "Do what you think is best and update us." If I saw part of a design I didn't like for some reason 90% of the time it was changed. I don't have 17 letters after my name but do have some self developed skills and a lick of common sense. There was no desire to unionize that company at all by anyone.
I worked for a big social media company, before the union got involved they were stricter and gave out warnings suspension without salary no batrhom time issues with holiday request, once the union got involved the power balanced changed in favour of the employee, everybody looks out for their own interests and the unions give the workers more power thats straight facts
Lol. Nice try.
How long have you been a Union representative
"I don't like lords and peasants" says billionaire, denying his employees workplace protection
Says the guy who bought Twitter so he could personally decide who to ban
Says the guy who forced his assistant to go on vacation so he could prove he doesn't need her and fired her when she got back.
Hello 👋 thanks for your support in my dream and career I’m happy to have you as a fan 🚀🌎
Hello 👋 thanks for your support in my dream and career I’m happy to have you as a fan 🚀
@@TBonertonpretty based tbh.
What Mr. Musk really wanted to say: "I f**king hate unions!"
Me too!
If he wanted to say it he would of said it!
@@stiffshaft4060 Umm.. Mr Musk is a genius man-child, like a man with verbal uncontrollable tourettes. I'm 100% absolutely certain he had this intent.
@@stiffshaft4060No he woudnt becouse thats bad image to show of your self
Unions are trash
Tessla has failed. Workers have no rights in Tesla.
All you have to do is google how he treated Twitter employees after he bought it.
Go tell it to Earth!
You mean firing the useless people and propping up the hard workers? Man what a monster
@@donovanhouse9584 Proof?
@@KH-qy7fm the source is the employees themselves 🤣 all the people that got fired and cried on the internet worked in the Human Resources department for cultural and sociological aspects of the business. You don't see any videos of actual technicians that literally build the website crying about being fired
@@KH-qy7fm spoiler alert: its because they weren't fired. The actual useful stem majors were kept and the useless pink haired sociology majors were all fired.
Unions have their faults but so do business leaders who care more about profits than worker safety and being able to make ends meet. I do agree with the lords and peasants comment, but that is created as much by executives as unions.
- It is like most of you bring up Marxian-era arguments to tackle present-day issues
- There are unions in industries where safety isn't an issue.
- Maybe your point on executives and unions further creating the lords and peasants framework is accurate.
if there is no profit there is no worker. worker safety and profit are not contradictory goals.
@@phillipbanes5484 - I worked in chemical plants for over 30 years. You have no idea what you are talking about unless pure theory. In theory you don’t need unions if managers truly value safety. In practice saving money matters far more.
@@bernardwongibe5118 - who said safety was the only reason for unions? It was just one example near and dear to me from my last chemical plant burning down and several people nearly being killed in other incidents.
Yup , so start your own business
It's called bargaining power by the labour force. Of course Elon Musk doesn't agree with the whole idea of unions, he doesn't need it. Unfortunately, you can't be both the adjudicator and the advocate. If employees want to organise themselves, do not infringe on their right to do so. Of course, with that given,the power of unions should also not go unfettered.
Look at California's unions, ANY union and tell me if they're a good thing. Unions cost the consumer TREMENDOUSLY.
They have a right to do so, but you don’t have the right to force a company to deal with the union, and that’s the problem with unions in the US. The government is basically on their side and that’s total BS.
Unions are also notoriously corrupt
Tesla should also hold the right to fire you based on such movements, you can organize outside the company and create your own business and company which provides you with all the demands you prefer. You are free to work else where, versus taking your time to fight your own employer.
I worked at a plumber’s union. My pay was higher than non union plumbers, but they took that extra pay in union dues. They then gave the union dues to local politicians who I don’t support and to make the union bosses rich. What a scam.
Elon is so out of touch when trying to relate to his workers. This is the reason why we need unions
Although Tesla workers have stock options, their compensation is far less than the UAW’s compensation package at GM, Ford and Stellantis. At Tesla, it’s $45 an hour in wages and benefits versus about $65 for UAW workers at the Detroit automakers - and that was before the UAW won a 25% raise over four and a half years after its six-week strike.
I would not want to be a UAW worker right now. Good for them that they won the pay raises they were after, but there's no future in their industry.
Tesla already move to texas@@Ryanderson8467
Executives are not worth the tens of millions they are paid along with the benefits they receive that are not available to all employees. If a company doesn't want a union, flatten out the disparity in pay and benefits between employees and executives.
That's not how company works 😅
I think hes saying thats what they did
Unfortunately that's the nature of capitalism. It comes with its good and bad. Those that take all the risk get all the reward, and disproportionately so. Don't like it? Then go seek out some venture capitalists or take out an immense loan in your name or put down your own wealth and start your own business and pay your workers a fair wage with legitimate benefits.
@@ankansenapati3600Don’t waste your time. Every time I see this I cringe, but never has anyone who’s said this been swayed to think otherwise.
So the CEO and the line worker should have the same salary?
It's the corporate executives who create the adversarial relationship that make unions necessaary. When the executives, who live in gated communities, and whose compensation is many multiple times more than the workers who produce the product, and whose compensation barely pays for their basic living expenses, there will be resentment and conflict.
Well said.
Agreed.
Are you kidding? Unions have as much political and financial clout as rich people these days. Unions are equally responsible. I've worked in corporate America with no unions for 23 years across multiple companies and I have never experienced any animosity from management.
@@jpete3027666corporations haven't increased wages to match worker's productivity... and more recently, to match historic inflation.... that is the animosity we speak of
Do you have to work for them if it’s that bad? If they are such scoundrels, you should be ashamed of yourself to work for them in the first place.
My company hates its revenue generating employees and always seeks to limit any amount of sharing the company’s success with them at every turn. We actually had a chapter 11 and the ceo flew to Europe for an in person visit to a supplier that anyone else would have gained the info off a website. They earned our union because without it they’d ultimately fail due to not having any employees left.
Quit
you should just go work for someone else if they are that bad. unions are terrorists filled with talentless people who can't simply get jobs at other companies.
I disagree with the idea of Elon Musk.
best line of the day. many people who didn't even know what stocks were. we made them millionaires.
Is he saying he made the production workers millionaires?
@@rolewis13 he's saying he offered them full stock options and they made themselves millionaires by buying Tesla stock at a discount.
yes, via buying company stock at discount@@rolewis13
@@blitzme99 I’d love to see a spreadsheet of all the regular employees that work at Tesla who have stocks and are “millionaires”
Uhh it's pretty cheesy, and strains credulity. But if it gets you pumped more power to you.
What he is talking about is a place where Unions don't need to exist. Yes, a union wouldn't be needed of the workers were happy and felt they were getting a fair piece of the pie.
I mean, we wouldn't need police is nobody committed crimes... Same idea
How about work the contract you sign? Don’t like it? Leave.
Without union employers are less free to just "do what they want" and that's both a blessing and a curse. In Europe unions is a pretty standard thing to be honest, not sure why Americans think it's some communist Russia type of deal
@@Ryanderson8467But Tesla’s work conditions aren’t the same. So the historical comparison is irrelevant.
Musk and his type are the reason we need unions.
He just wants the workers to obey without any questions
It's cute that he thinks tesla will be number one in EV's.
Evs are clearly worse and we have enough oil for a long long time at the rate we are headed towards. Elon is the only 1 ev makers thats blind to how bad they are. Liberals are no hope as well. Hopeless braindead morons enslaving us literally
Go tell it to Earth!
Greed is why you need a union until the union smells blood and then you need a co-op instead of a union.
Elon “I disagree with the idea of unions”
Europe “we disagree with the idea of Tesla”
And I disagree with the idea of billionaires.
Teamster for 17 years, he has a point. If the shop is fair to begin with, talks of unionizing tend not to happen naturally. If they start to swell, theres usually a clear reason for it.
And let's be fair, not all employees are model workers, but usually the company will start an "Efficiency Drive" meaning we want you to do more for the same wage, Don't know about anyone else, but I am a Businessman when it comes to my rate of pay and any agreements therein, If 8hrs is the working day, why would I give anyone 1 - 2hrs extra labour for free? Just not good Business.
This is the first time I've watched a full interview on CNBC
this is still only a clip of the full interview....
Wew congratulations on watching a 5 minute clip.
@@flouserschirdCNBC is unbearably biased
@@flouserschirdAs if that was his point ...
Why? Musk is painful to listen to.
Unions only work in trades that can’t be exported. In every other situation they drive jobs overseas.
@@Ryanderson8467 it’s not more efficient as a nation to decrease the amount of people working and increase the tax burden on those that still do by driving jobs overseas. I’m sorry, I deal with unions on construction jobs all the time, they aren’t more efficient. They don’t always do the best work. They drive up costs on construction projects. The combination of 4 million less people in the work force since COVID, government regulations on building codes, and inflation have driven home prices and rents so high that people live in tents. Come over to reality, it’s a nice place to live.
As a person who retired from a skilled trade union, we are not like govt. employees. They can lay us off with no explanation needed. We go back to the hall and take another job. The unions with seniority are the real issue. No way to get rid of deadwood at all
deadweight
That is correct. When someone with seniority can stay above someone who is a harder worker, there is a problem.
Why are they deadweight? Too old to work?
@@clydecash5659 no. Seniority kills motivation. In the skilled trades seniority does not exist. We have no problem at all with older workers. They show up everyday to work. It’s the younger ones we have issues with.
@@clydecash5659 seniority is just another name for socialism. I don’t have to do anything and you can’t get rid of me…..
Of course. He pays in average at least 10% less than the unionized companies for example in Germany or in Sweden.
That’s probably correct, but taxes in Germany are 17% higher on wages than the US, and Sweden is roughly 30% higher than an OECD nation like the U.S., so comparatively, it’s better for the Tesla employees to be paid 10% less.
Ask how many gm union employees are millionaires because of their stock options. Unions were good in the beginning but the UAW is too corrupt at this point and will inevitability be responsible for bankrupting the big 3
Once part of a union you are a slave to the union, having the option not to be part of a union is the freedom option.
Unions sometimes get so big, it becomes a government itself, just as dethatched from the workers as governments usually is today.
@@michaeldodd3563 That's not how that works.
@@ShiftheadsO.k. how many. Do you also understand who benefits from stock buybacks, I'll give you a clue, it's not the employees. I guess someone should really tell unions they should stop raising the CEO's pay by so much. Shame on the unions for doing that.
"If people want a union then we failed" says the guy who wants people at Twitter to sleep in the office and work 20 hour days
100% pro union. I have excellent healthcare, a yearly raise, early health insurance benefits for life, a lump sum at retirement and monthly pay out.
I'm a tech entrepreneur and Ford was a client once. We went into the plant to set up video production equipment and dealing with the Union workers was a sobering experience.
I've never experienced such animosity between workers and management. We weren't able to do our job because we were 5 minutes past the time when they worked. Even though it meant that they weren't going to be able to do the work they needed to, they made us leave. The work environment was toxic and I was glad to go.
Not sure if you mean you arrived 5 after the workers shift began or ended. If it’s after the shift ended well, they aren’t paid to be there afterwards. Much like if someone hired a photographer from 1pm-2pm you wouldn’t expect that photographer to stick around for free until 3pm.
Also, since when do employees create company culture? That’s the employer…
@@Michael-pi8pssound like a communist…….all people used to work because they had a conscience….now they work from 8 to 5 sharp and let the hell get loose
@@irinab7524It’s communist to work what you’re paid for? Sounds capitalist to me, you’re there for the money. that’s why you work a job
I would question how long ago this was , I joined my unionised company 12 years ago , in that time the union has sold out giving away everything that was hard won by the workers in the last century.
Doesn't really matter. The caustic relationship between the two parties has always been there. An adversarial combative attitude is a poor way to Foster excellence and both parties are responsible for that.
In Mitt Romney's book, when his father ran and had saved American Motors, he was surprised that he was not to be allowed to go onto the factory shop floor without guards because he would not be safe!
Elon somehow fails to miss the obvious fact that "lords and peasants" was the way things were in the world *long before unions came along*. Unions don't create that type of relationship.
Unions are outdated. The goal for every company should be to have the best possible relationships between everyone at every level.
He's a literal child. Also - anyone who flies around in a private jet like Elon Musk emits more pollution than millions of working class people combined.
You think musk doesn’t know this?
No lords and peasants. That's why he does example firings to keep everyone on their toes, and fires people for disagreeing with him or saying something negative about him.
"Retaining them is really the hard part" -I believe you.
@@Ryanderson8467 Yup.
"If they're going to bribe me, with mOnEy, they can GFY." *swings head side to side looking for laughs that don't come.
Meanwhile, bribes workers - with money - on a daily basis. And officials too: who else gets to launch rockets on a nature preserve. Give me a break ya living muppet.
Says the guy who literally fired over 1/2 the Twitter workforce after he bought it, and has numerous allegations of racial, workforce injury and sexual infractions within his Tesla Companies.
Maravilha eterna gratidão es gigante que a pequena essa turma sucesso sempre continue assima cada dia que o conheço mas o admiro o amo me inspira pena nao ter conhecido antes grata por poder assistir conhecimento e vida nos liberta
Problem with unions is that they inevitably become corrupt and start forgetting the workers they’re supposed to represent and then favor the bureaucrats.
I worked at a plumber’s union. My pay was higher than non union plumbers, but they took that extra pay in union dues. They then gave the union dues to local politicians who I don’t support and to make the union bosses rich. What a scam.
That's a really pathetic notion of corruption.
Corrupt people generally start working for themselves, they don't have secret allegiances to bureaucrats.
So, you think the person in government stealing every penny they can get away with isn't corrupt, but if they start standing up for bureaucracy they're probably crooked.
What a bizarre world you live in.
Grow up. You think like a 12 year old. It's awful.
You know how unions avoid becoming corrupt? By never hiring someone that thinks like you. Ever. Not in public employment, not in private employment.
If I were your employer, and I saw you posting like this, I would have you under permanent surveillance when you were on the premises. Check yourself.
Another problem is they give a lot of power to people that may be financial midgets and will bankrupt any company by demanding more than the company can afford to pay.
So is the government, unions are better than nothing, and workers should be free to unionize if they whish.
They also create an atmosphere of us vs them dichotomy that's destructive to the company.
Does any billionaire CEO like unions? Of course they don't want to pay people more. That means it is harder for them to be billionaires.
actually it means that the company may not be profitable which is a problem, as it must be a marketable entity that holds and grows in value across time for there to even be jobs for workers to be paid to feed there values. I don't think you understand how the market works.
lol
@@briansterenberg2979
@@briansterenberg2979 Oh, the lowest form of disagreement. The TH-cam comment of "You don't understand..." or "You should do your research...". That simpleton nonsense doesn't work on me. I've been running teams at a Fortune 50 for over a decade. I live in the free market everyday.
If a company isn't profitable, eventually they go out of business, right? Companies don't stay open out of the kindness of their hearts. So, you hold your breath and then stop when every major professional sport, Amazon, Google, Apple, Starbucks, and Ford go out of business. Just keep holding your breath until it happens. You'll be fine.
@@briansterenberg2979there is not a single instance where company went in loss due to unions.
@@user-tm1ix7xi1n that’s the equivalent of saying companies have never closed down or even failed to start because of labor costs. That’s categorically untrue. Unions are socialist movements legislated and imposed onto the free market. They are as such contrary to the free market.
Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
You are right.!
That is why I had to start forex trading 2months ago and I now am making benefits from it..
My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I disagree with the idea of billionaires
I am sure he does disagree with the idea of unions. But it's not his choice.
It is his choice depending on state law.
@@beantownbeatdownimagine living in a country where slavery is still legal.
@@Louis13XIII imagine that eh
@@Louis13XIIIwhich state has legal slavery
@@reservationatdorsias3215all of them, according to the 13th Amendment.
"Neither slavery nor involuntary servitude shall exist within the United States, EXCEPT AS A PUNISHMENT FOR CRIME".
"I don't like unions, lords and peasants. I'd prefer there just being lords - and nobody else talking" lol. Unions can ask for too much, same as Execs can be greedy. But fundamentally, it's absurd to be against humans grouping up to increase their leverage, if they're being mistreated. If Musk can keep the workers content and avoid a union, good for him. But he saying he's a Saint-Friend of all workers, begs the question, do others love him as much as he says all love him? Don't tell him to his face, it's said he fires ya on the spot - and with no Union protection, you're gone Lol
He doesnt want unions at his company. That is all.
I have been part of 2 different unions. Neither of them gave a crap about the employees. Wages were lower than jobs in the same industry that weren't union. I had to pay $35 a paycheck. Most Unions are a total rip off and give no added value whatsoever.
That's interesting. So how do they even justify their existence??
If wages are lower in the same industry then you need to smart up and apply at that location rather than be dumb and complaining or working for a union then.
No, I just retired from the County and w out the union, I couldn't have retired early..😮😮
@@RicePho I did leave for exactly the reasons you state. It was a while ago.
@@RacerX1971 Some unions are good. You were at a good one. A fair number of them are crap. They take your money and do nothing for you.
I disagree with billionaires running the world and lording over workers but here we are.
Wow... it appears you struggle to comprehend anything beyond that fearful perspective. Even your word choice reveals your singular take on things....
@@user-ln9bk7mo3l cool story bro.
Who would create jobs if there were no people creating companies that helped them become wealthy. You have zero understanding of economics. Poor people don’t create jobs. And if they did, they wouldn’t be poor very long if they run the company right. Then they become assholes to people like me you. So weird.
@@jerrycrittendon5835 *"Who would create jobs"*
Read about worker Co-ops.
Read about associations.
Read Marx.
Its entirely possible and there are already multiple examples.
*"You have zero understanding of economics."*
He says, while being completely unable to imagine job creation without private capital and ownership.
*"Poor people don’t create jobs."*
Lmao is this seriously an argument?
"And if they did, they wouldn’t be poor very long if they run the company right."
If the created a company they wouldn't be poor from the start considering it requires, more often than not significant capital investment. None of these billionaires you see started from the bottom and worked themselves up. They often like to portray themselves that way but it is for the most part a complete fabrication.
*"Then they become (redacted) to people like me you. So weird."*
Don't hate the player hate the game. I can't blame Elon or any other billionaire that they followed the path they did. Most people would do the same. The system that enables them is the problem, and they fact that the people who hold all the power are the ones benefitting from said system are also the only ones who can directly control and influence it is the problem.
@@jerrycrittendon5835 yay, fragile elon fans mass report me so my comments and replies get easily shadowbanned. despite my comments containing no profanity or insults.
The day I started work in MI as an 18 year-old on the assembly line at Buick, a union shop, I could have bought a house, a car, and gone out looking for a wife. I was paid enough money to do that. Plus, I had full coverage medical insurance, insurance that would have covered any family I might end up with. But I worked there just long enough to get the money to go to tech school, get a 2 year associates degree in electronics then move to Colorado. In Colorado I went to work at Hewlett Packard, a non-union shop. I made minimum wage, and lived in a dive apartment and rode a used motorcycle to work, summer and winter. After 3 years I finally managed to buy a cheap used car so I didn't have to ride the bike in the snow and rain to get to work. I moved from non-union tech job to non-union tech job trying to get paid better over the next 2 decades. I never did make enough money to afford a house or a family. THAT'S the difference between a union job and a non-union job. Of course Musk disagrees with the idea of unions. He wants ALL of the money! Duh. That's why he's got a quarter trillion dollars while people who work the assembly line for him are sleeping in their cars. It's as simple as that, folks. The billionaires have all the leverage and will shaft you unless you organize to get your own leverage and make things fair. Never forget that. Musk thinks people are stupid sheep to be fleeced. Are you?
If he gives his employee stock options and he's a billionaire because of the stock he owns and I think they kind of have some money to probably. If he was only in it for the money and power like most of you morons think why would he share his patents? I don't see Ford or GM doing that.
Dude stop listening to MSNBC he doesn't have a quarter trillion dollars in his bank account. His stock is worth that much there's a difference.
I worked in mostly non-union jobs my entire life. The union job I worked at I made less money than I do now. It was kind of a cool job but that was really more the company than the union. Unions just slow everything down, and make everything cost more. I was told by someone who's on the board of the Carpenters Union here in Arizona that I needed to slow down because I was making him look bad. That single sentence right there sums up unions for you.
It's kind of like teacher unions. All of their students could fail and no one can fire them.
It makes for lazy workforces.
Kind of like why TSMC had to bring its own workers from Taiwan to speed up the process of construction of its factory in Arizona. Unions make people lazy. The problem is is they're allowed to be lazy.
Some people just have no interest in working like that.
I don't support unions.
58 Billion dollar pay package 😮
"If tesla ends up unionizing it is because WE deserve it and we failed someway" -Musk
Cnn- "Musk admits to HATING unions"
This guy worked on the line guys, hes just like us peasants, the richest guy in the world is just like us
Worked on the line for a few minutes with his body guards around him, more likely.
Yeah right! Born into blood money, never worked an honest day in his life. Gimme a break. Of course he doesn't, they're completely antithetic to any worldview he's ever had to experience.
If capital owners can pool their money, workers should be allowed to pool their labor.
Yay Marxism
So capital owners should be able to fire workers as a unit too then. Fair's fair. No one owes anyone anything. If you dont wanna work at a company, you can quit and they can't stop you... right? Using your logic employers should also be able to just give you 30 days notice out of the blue and you can't stop them..
@@OSheaGlobalAlliancesIt objectively is not. You conveniently ignore the first half of his statement, as it's incompatible with Communism. What makes you think that individuals give up all their rights under employment? Why do you want the vast majority of people, likely including yourself, to be powerless slaves? Are you a billionaire without any sense of ethics?
Yep. Everyone should be free to choose.
If you are a worker, you should be free to join and leave union, at will. No mandated union membership and no forced union dues.
@@AlternativPerspectivYou realize most states in the USA are at-will fire states? So they can fire you without notice.
I disagree with the idea of billionaires.
haha indeed ..
Workers standing up for their rights, what's not to love? ❤
Doesn't take a whole lot of time to find out how his company actually treats it's employees. as long as you never actually inform yourself about what this guy says, he sounds wonderful.
yeah. everything out of his mouth is a lie.
Lol
Yes, I'm sure all of the people working at Tesla are being held hostage and aren't allowed to find another job. Moron.
You can't put unions existing on a scale of good or bad. Sometimes they are wonderful things for everyone involved, and it's a well oiled machine that provides opportunity for those involved, other times there is essentially not enough market shares in the type of work that is being performed and so the idea of the people doing the work not feeling like peasants, simply doesn't exist, because the field of work produces less profits, and in turn a lot of times, unions in those situations are looked at as greedy leaches instead of useful facilitators of commerce.
A balanced opinion. I can appreciate this.
Just like any group you can freely associate with like a political party
@@michaelandrews4783 political parties are garbage
Unions are, by definition and in practice, Marxists. They began with and perpetuate the notion of Oppressor vs Oppressed in the terms Management vs Labor. As Marxism destroys freedom, liberty and self determination, so does unionism. Unions are, indeed, bad.
Elon not saying the unions that have helped millions of people are bad he’s saying the idea is bad you shouldnt need a union if done right
How quiet it was after he said "... and I worked beside them."
Tells you all you need to know.
Thanks for your love care and support, it's my pleasure talking to you here. Where are you from?..........................
They dont like unions because it uses the exact market forces that they use without unions, namely, negotiating with one party. Its to the CEOs advantage they are the one party, but when the workers become one party in the negotiation, they dont like it, cause it brings back the power to deny divide and conquer.
I am pro-union and I actually agree with what he is saying. If you have leadership at a company that actually incorporates ALL its employees into the success and failures of the company, then a union is not necessary, such as stock options, flat organizations, bonus performance incentives, etc. Companies that are unwilling to make everyone involved part of its success unfortunately need unions.
I get what you are saying, but leadership can literally change over night. Future stock option offers/bonuses/ work life balance can be altered in a single email. Workers need protections that are in written contracts.
@@69revenga you can say that about anything
this might be the only coherent response in this entire comment section
I hope I never have to work for a company that's so badly run that it requires a union.
Unions are never necessary, because they ultimately lead to the destruction of the employer and the destruction of the employees job prospects.
Unions simply do not function in a free market.
The first unions came about in the 19th century, in England when there were not free markets and many companies held monopolistic positions.
They were the industrial version of a peasants revolt.
They are an outdated and uneeded concept.
Unionize is just making companies less competitives. I have been working in that environment, it s unconstructive, it s inefficient. In the long run, the companies either go bankrupt or being bailed out by governments
Unions can indeed make companies less competitive, but they have been and are still necessary. It used to be dangerous work conditions, overwork, low wages, and lack of holidays that necessitated unions. Now it's low wages for workers and absolutely outrageous compensation for senior executives, most notably CEOs. How any CEO can take home that much money and still lowball the workers is incredible to me.
Unions make who less competitive?? Competitive vs foreign companies?? Please… there’s a hellava lot more going on than just simple, straightforward competition… 😂😂😂😂
Wait, Did BOEING and AIRBUS go bankrupt and disappear ? They are heavily unionized and yet they’re ultra competitive and are at the forefront of technological achievements in aviation and aeronautics…. Maybe it’s that you work at a failed company and it has nothing to do with unions….
@@mrparts 100% facts… 🍻
Let's get rid unions for CEOs, it called Board of Directors...
One of the most exploitive and richest CEO’s doesn’t support unionization. What else is new
But there is a warm spot in his heart for fascism.
Unions generally line their own pockets....😢
The pockets of its members which are the workers who keep the company running… I assume you’d prefer that all the money be paid to the CEO instead to buy another yatch or private plane.
And Elon Musk is certainly not doing that.
PEOPLE generally line their own pockets. CEOs do it, union leaders do it, avg Joes try to do it. DERP
At no point in American history can you separate unions from corruption. It just is what it is.
Thank god the executives and shareholders are NOT trying to line their own pockets! .... Wait, what?
Who would've thought a CEO would be against unions. Shocking news!
He hates workers
No way! CEOs want their workers to be treated fairly
@@mg-by7uuonce you grow up you’ll find out the truth!
@@eurowan 🤣/s
@@whydoineedahandle406The ones who he made millionaires?
Nothing strikes fear into CEO’s more than union coming in. Being incredibly appreciative of workers means compensating $$$
We disagree with the idea of multinationals and billionaires
send them to mars ... one way ticket!!!
Unions are necessary to keep balance because not all employers are as progressive as Elon claims to be.
Exactly. It would be utterly foolish to trust anyone who desires that power without safeguard. That's what a Union is. He knows that, and so no matter what he says his word shouldn't be entirely trusted. Even if he can be trusted him and his ethos are temporary.
One issue folks miss is there is often Wall Street pressure to lower costs, including labor costs. Executives out of ideas also cost cut. The benefit of lower costs (at least in the short run) goes to shareholders which include executives.
One counterweight to wage deterioration besides quitting quitting is unions. High turnover can negatively impact a company in spite of mgmt pretending otherwise.
Traded companies are anti-worker and are beholden to chasing short term profits. It's why the economy implodes every few decades. They put short term gains ahead of long term growth, sustainability, and stability. Then, when they implode the economy, it is the mega wealthy that are in position to capitalize, getting a soft "reset" of the economy to dump their billions into. In the case of covid, we saw billionaires in some cases double their net worth in a few months. While Covid wasn't a result of irresponsible profit chasing, the result was essentially the same. Economy tanks, billionaire class only ones in position to capitalize, and they are the ones that own the giant corporations that drive the economy.
> One issue folks miss is there is often Wall Street pressure to lower costs, including labor costs.
Wall Street does fack all, most of Tesla's shareholders are passive index funds who don't interfere with operations.
Unions use governmental powers to coerce employers into forcibly keeping them when they don’t want to and increasing rates without allowing the employer to legally replace them with lower cost staff.
The opposite is not true though employers do not forcibly coerce employees into staying forever.
Consent seems to go one way.
Research why an employer cannot legally fire a union worker.