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Many measure profits in pennies on the dollar and squeeze workers to make their margins.
There is a term for industries that make billions but squeeze workers and consumers alike: predatory capitalism.
By cutting prices hastily and aggressively to attract consumers, critics say, restaurants decimate profits, squeeze workers' pay and drive the weak out of business — a deflationary cycle that threatens the nation's economy.
Yet it is surely the inevitable fallout of a system in which Foxconn makes a wafer-thin margin on the goods it produces for Apple, and so is forced to squeeze workers ever harder.
Desperate to maintain the global brands' business, suppliers often squeeze workers and cut corners on safety to stay profitable.
With the threat of unemployment very high, companies have even more leverage to squeeze workers pushing them to work more and more for less and less pay.
Similar(51)
"Because of the economy and the labor market, you can't squeeze worker health benefits," said Deborah Steelman, a Washington lawyer who represents insurance companies and drug makers, and a member of a bipartisan commission on Medicare reform.
Helping squeezed workers appeals to the left.
And squeezed workers are finally getting a little relief.
All these trends have squeezed workers, even when they have jobs; even when the economy is growing.
Pay has risen briskly in China, but profits and the government's share of national income have risen even faster, squeezing workers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com