Wow, great job with the pro-company/anti-worker framing there Yahoo finance. This is the fault of greedy corporations, not workers demanding a fair share.
Incorrect. Hollywood bigwig blowhards who routinely cheat on their accounting and taxes like it's breathing and treat the people who actually create the products like an underclass of garbage ... that's who cost the economy $5b.
If they actually cared about the economy, then give the actors and writers what they want and the strike ends, and we can all get a move-on with things.
That's the point of the strike, and the solution is right there in front of the studios.
Yes it is. What exactly is the strike costing the economy? Actors and writers opting to forego their own wages in the interest of the collectively not being robbed by the members of the 1% and the mega corporations they run are not stealing money from people. The only thing the strike is doing is lowering the profit margins and short term value of the companies that only got said value by hoarding the wealth generated from the IP and likenesses of the people on strike.
"the economy" is just rich people. No one gives a fuck about "the economy", we care about fair wages. Shut up you rich jerks and just pay people enough to fucking survive.
That's why they ended pensions and have, and are continuing to push all retirement into Wallstreet. That way the average person is chained to "the economy", because otherwise you're completely correct.
I would love to see an experiment where they gave a company a tax incentive if they issued special shares that can only be sold in a life changing emergency that required the funds, or if at least 9 months passes.
I am not sure if it would make a big difference, but I would be fascinated to see if it created any management changes.
Although what I would really love to see is a tax incentive who paid there workers supplementally in shares. Basically you get paid a percent based off what your salary would be, and there is always a minimum and even if revenues fall you still make that minimum. Employee shares would always get preferential voting rights and if the company makes certain metrics they are forced to pay a sizeable percent of the dividends as a bonus to employees. Yes it leans a bit towards socialism, but I think if even a lowely cashier knew that their impact to the company would be directly reflected in their check they would try harder. It's a win/win for the company and employees, only Wallstreet loses something.
Any chance a co-op studio could replace or compete with the big studios? I’m sure the biggest hurdle would be raising enough capital but it would be nice to see the actual actors and film crews taking ownership.
It is not the strikes that cost the US economy money, it is the greed of absurdly overpaid executives who want to wring every cent of profits out of workers.