Apples 1 Trillion Milestone Reflects Rise of Powerful Megacompanies

[lifehole]

https://www.nytimes.com/2018/08/02/business/apple-trillion.html?action=click&contentCollection=business&contentPlacement=5&module=package&pgtype=sectionfront&region=rank&rref=collection%2Fsectioncollection%2Fbusiness&version=highlights

Other economists argue that with fewer companies in a given industry, there is simply less competition for workers and therefore little pressure to give raises to workers. That may be especially true in industries where skills are highly specialized, because it is harder for workers to look elsewhere for better pay. Recent research has highlighted examples of companies colluding to keep wages low by agreeing not to poach each other’s workers and by inserting provisions into workers’ contracts that bar them from joining competitors.
Some on the left take the critique a step further, arguing that greater corporate power translates into weaker antitrust enforcement, looser limits on campaign contributions and declining rates of unionization, which collectively make it easier for big companies to tilt the economy in their favor. Companies, in this view, are not just reaping bigger profits than they were in the past, but they are also feeling less pressure to share the spoils with workers.

[fodderstompf]

Someone call Teddy "Bust those Trusts" Roosevelt.

[MissingNoGuy55]

now would be a good time to push for anti-trust lawsuits. i don't care if there's weak enforcement, i'd rather fight than let this shit take hold