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There's a great video of a longshoreman union rep bragging about crushing America so 'his guys' could get by, all the while with totaly lost irony he said this on TV while wearing a gold chain, Rolex, and living in an absolutely lavish mansion.

https://youtu.be/hr-isyMV1y8?si=6cHZ9Ey8hzJtSoFQ


So what? If workers don't get the money, it goes to company owners. I wonder what kinda mansions they have.


By company owners, did you mean my 401k? Or is it more that it causes higher prices, and everyday consumers pay for it?


Given that particular strike was against in part automation it was that they wanted their port to become less competitive and eventually be destroyed by ports employing automation and not even jobs left for their kids to fix or engineer the machines.


A small amount of it does go to your 401(k), yes. A much larger amount goes to executives, largely through stock-based compensation, and much wealthier investors.


You are on a site for venture capitalists (i.e. company owners), tech startup founders (i.e. company owners), and tech startup / FAANG employees whose TC has a large component of stock (i.e. company owners). Just a wild guess but they probably don't see a problem with money going to the company owners.




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