Corporate Malfeasance

[The Outsider]

Bottom post of the previous page:

https://prospect.org/economy/2024-06-14 ... ing-beast/

That is a lengthy, but very good article on The American Prospect on the inadequacy of the Federal Reserve to control inflation, the present state of corporate price fixing, and what the government and congress are and could be doing about it.

It's about a ten minute read.

It also supports my first indisputable law of economics that inflation can only occur when a corporation raises its prices.

My first indisputable law of economics is: Welcome to human economics, where this shit is entirely made up and none of it matters because it only functions because we believe it does.

Money is inherently worthless. The only way to really have an economic system that makes sense is by trading labor for material goods and services directly because there can be a tangible value assigned to labor, material goods, and services. Our current system, particularly the speculative side of things (i.e. Wall Street) is a fucking farce.

[kaimaru]

https://prospect.org/economy/2024-06-14 ... ing-beast/

That is a lengthy, but very good article on The American Prospect on the inadequacy of the Federal Reserve to control inflation, the present state of corporate price fixing, and what the government and congress are and could be doing about it.

It's about a ten minute read.

It also supports my first indisputable law of economics that inflation can only occur when a corporation raises its prices.

Sadly that is basic economics. As a country created oligarchs in industries where there is few competition and they can price fix "off the record." I mean if one raises their price, why wouldn't you raise yours as well?

[emby]

I just learned that one company simultaneously is the largest manufacturer of prisons in the world is also the chief contractor for the border wall at the southern border and the wall between Israel/Palestine is also the third largest employer in the US.

British multinational corporation you've never heard of. G4S.

[The Outsider]

Sounds like how Rick Scott wanted to drug test everyone (I forget the specifics) and contracted a company owned by his wife to do it. Some of their fraud is so lazy.

[emby]

More than 300 minors, including two 10-year-olds, were found working at McDonald’s later and longer than the law permits, a Department of Labor investigation found.

The big picture: Child labor is on the rise in the U.S., and the federal government announced a crackdown earlier this year after tracking a 69% increase in illegally employed kids since 2018.

In the last fiscal year, 835 companies employed more than 3,800 children illegally, Labor Department investigations revealed.
Driving the news: Three separate franchisees that oversee more than 60 McDonald’s locations across Kentucky, Indiana, Maryland and Ohio, employed 305 children "to work more than the legally permitted hours and perform tasks prohibited by law for young workers," the department said Tuesday.

The investigations into Bauer Food LLC, Archways Richwood LLC and Bell Restaurant Group I LLC are part of an ongoing effort to stop child labor abuses in the southeast region, per the department.
The two 10-year-olds employed by Bauer Food LLC were below the minimum age for employment.
They prepared and distributed food orders, cleaned the store, worked at a drive-thru window and operated a register, the Labor Department said. One of the kids was also allowed to operate a deep fryer, which is prohibited for workers under 16, the investigations found.
Bauer Food LLC said in a statement that the two 10-year-olds are children of a night manager and "were not approved by franchisee organization management to be in that part of the restaurant."

"Any ‘work’ was done at the direction of - and in the presence of - the parent without authorization by franchisee organization management or leadership," the company said.
By the numbers: In all, the investigations led to $212,544 in civil money penalties against the employers.

What they're saying: "These reports are unacceptable, deeply troubling and run afoul of the high expectations we have for the entire McDonald’s brand," Tiffanie Boyd, senior vice president and chief people officer of McDonald’s USA, said in a statement.


"We are committed to ensuring our franchisees have the resources they need to foster safe workplaces for all employees and maintain compliance with all labor laws," Boyd added.
Meanwhile, the Department of Labor said:"Working in a kitchen late at night near dangerous cooking equipment is a reality for many adults in the food service industry."

"But finding 10-year-old kids in such a work environment is a cause for concern and action," it added.
"Child labor laws exist to ensure that when young people work, the job does not jeopardize their health, well-being or education," Karen Garnett-Civils of the department’s Wage and Hour Division said.
Archways Richwood LLC and Bell Restaurant Group I LLC did not immediately respond to Axios' request for comment.

Suspiciously absent from project 2025 is the abolition of the department of labor. I suspect their efforts will be shifted away from this sort of work and instead be spent checking everybody's papers.

[The Outsider]

How dare the government try to take jobs away from those hard working 10 year olds!

[emby]

How dare the government try to take jobs away from those hard working 10 year olds!

That was the most egregious case and the most likely to be on the employee who was probably having the kids do the work for them.

Lost under that sauce is the 14-15 year olds pulling eight hour shifts after school.

They'll do anything but raise wages.

[The Outsider]

How dare the government try to take jobs away from those hard working 10 year olds!

That was the most egregious case and the most likely to be on the employee who was probably having the kids do the work for them.

Lost under that sauce is the 14-15 year olds pulling eight hour shifts after school.

They'll do anything but raise wages.

I read that it was the night shift manager's kid. It's fucked up on a lot of levels. One that childcare is so unattainable this person had to take their 10 year old kid to work with them on the McDonalds night shift. Two that the dumb mother fucker made their kid work instead of giving them a smartphone/tablet and some god damn chicken nuggets.

[emby]

How dare the government try to take jobs away from those hard working 10 year olds!

That was the most egregious case and the most likely to be on the employee who was probably having the kids do the work for them.

Lost under that sauce is the 14-15 year olds pulling eight hour shifts after school.

They'll do anything but raise wages.

I read that it was the night shift manager's kid. It's fucked up on a lot of levels. One that childcare is so unattainable this person had to take their 10 year old kid to work with them on the McDonalds night shift. Two that the dumb mother fucker made their kid work instead of giving them a smartphone/tablet and some god damn chicken nuggets.

They say it builds character.

[kaimaru]

How dare the government try to take jobs away from those hard working 10 year olds!

Facts! I got my first gaming console at 12 working in my dad's textile factory. Reason why @emby I don't like debt forgiveness for student loans

[emby]

How dare the government try to take jobs away from those hard working 10 year olds!

Facts! I got my first gaming console at 12 working in my dad's textile factory. Reason why @emby I don't like debt forgiveness for student loans

How long did you have to work for that console?