Aren't most companies greedy?

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12 Comments

I was watching this video about how walmart underpays employees, uses slave labor from China or US prisons, maybe child labor, has unfair hiring practices, looks for opportunities to screw over workers, "restructures" store level management to cut costs, etc...

But honestly, don't MOST companies use every dirty tactic in the book to keep costs down and profits high?

It is no secret that walmart is horse shit but aren't most companies? Why does Walmart catch more hell? All companies are bastards. AND I know from experience that mom and pop businesses are even WORSE horse shit to work for since they can avoid some of the labor laws that big places must follow.

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Based on 19 votes (13 yes)
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Comments ( 12 )
  • WeirdGuyFromTheSouth
    5 years ago

    I dont think businesses are greedy. The whole purpose in a capitalistic society is to make profits. The more jobs and less amounts of workers causes wages to go up. Walmart pays shitty because they can. If walmart could not find people to work for that shitty wage, because there wasnt enough ppl in the workforce, and/or theres too many other jobs, they would be forced to increase their wages. Its supply and demand.

    I saw this first hand in Nashville. Theres a UPS hub that started workers at 10 an hour and then a FedEX opened up literally across the street and FedEx was paying 15 an hour. Practically overnight UPS in Nashville lost most of its loaders. So UPS in Nashville was forced to raise their wage to 14 just to compete (because theres a limited number of laborers available in Nashville) Thats why its so beneficial to shrink your labor force. Its controversial to talk about but too many illegal immigrants causes the wages to go down because companies can easily replace workers. Many illegal immigrants are laborers. We have a huge labor force and not enough jobs for them. Thats why wages suck.

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    • Anonnet
      5 years ago

      I don't know about that theory. If the FedEx never moved in, the UPS probably wouldn't have raised their wages even if they didn't have enough workers. If there was a worker shortage at some company caused by something other than another business offering better benefits, would that still lead to increased benefits at that company?

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      • WeirdGuyFromTheSouth
        5 years ago

        If there were not enough workers in the Nashville area they would be forced to do one of three things, raise their wages, shutdown the Nashville hub, or go out of business completely. Number 3 is highly unlikely because its such a rich company. They wouldnt be able to run a business without employees. It would be the same if the employees jump shipped and moved to another state due to better jobs being there.

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  • IrishPotato
    5 years ago

    Capitalist pigs .

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  • TheBlindInquisitor
    5 years ago

    Yes it's human nature and companies are ran by humans.

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  • [Old Memory]
    5 years ago

    If you think walmart’s bad, wait till you find out about human trafficking. There’s a business with money seeping out of it at the expense of people

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  • brutus
    5 years ago

    Yes, they are greedy.

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  • lordofopinions
    5 years ago

    Unfortunately its a different world out there then what used to be the norm. Companies are only looking at the bottom line. Employees are a commodity to be hired and laid off at their whim. It used to be that companies would look after their employees but not anymore. You are just a line item in a balance sheet. When a company needs to cut costs the first thing they do is layoff employees.

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  • [Old Memory]
    5 years ago

    Yes but its particularly bad in America. Greed rules all and sundry.

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  • [Old Memory]
    5 years ago

    When I found out that wal mart was taking out $100000 life insurance policies on selected workers without their knowledge, I washed my hands of that place. I do everything I can to find what I need somewhere else.

    No company really cares about their employees. Wal mart gets more shit about this for the same reason that people hate the alabama football team. Because they are the best at what they do. Greed and exploitation of workers is commonplace with all companies and let's face it, these are keys to success.

    It's a dog eat cat world.

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  • LloydAsher
    5 years ago

    Yeah but that’s just is capitalism in a nutshell. True capitalism and pure capitalism are two different things. Pure capitalism is no regulation so the company can grow into a monopoly. True capitalism is when both the customer and the company try to screw eachother for the price, ultimately finding common ground in the middle.

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  • raisinbran
    5 years ago

    There are hidden costs to greed.

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