Not a loophole, it’s how the system is built. Publicly owned for-profit companies legally cannot perform actions that can be perceived as hurting their profits, such as raising wages or lowering prices to benefit workers/customers. Shareholder primacy. Executives are employed by the shareholders & owe workers nothing other than what the government mandates.
Yeah, but they figured out a loophole in the system that allows them to stack dollars for no real reason. That has to count for
somethingeverythingNot a loophole, it’s how the system is built. Publicly owned for-profit companies legally cannot perform actions that can be perceived as hurting their profits, such as raising wages or lowering prices to benefit workers/customers. Shareholder primacy. Executives are employed by the shareholders & owe workers nothing other than what the government mandates.