• AwkwardLookMonkeyPuppet@lemmy.world
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    7 months ago

    Not only that, but now that they have all of the market there’s no room for the profit growth that their board mandate requires. That means things will continually get progressively worse for the consumers so they can eek out their growth target profits. Raised prices, worse products, shitty subscriptions, stuff like that. For grocery stores it’s the elimination of baggers, then checkers, then charging customers for bags, then raising prices, and all the other shit we’ve endured over the years. It will never get better while the industries are dominated by oligopolies, the system forces things to only get worse.

    • Neuromancer@lemm.eeOPM
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      7 months ago

      Board mandates rarely require profit growth. Hell profit is secondary to many companies. Growth is what is normally sought after. I’ve worked for many companies that rarely if ever produced a profit.