• Aleric@lemmy.world
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    11 months ago

    My dad worked in the semiconductor industry. As kids, we just knew that occasionally dad would be spending more time with us at home. As an adult, now I just see how frequently he got laid off.

    The industry could have had more than enough money to keep everyone afloat during downturns but so much of the profit was funneled to the do-nothing class. Shareholders.

    • Stumblinbear@pawb.social
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      11 months ago

      What’s interesting is a family friend I know gets laid off twice a year in his unionized workplace at a steel mill(?), but he always gets the same job back. The company just can’t afford to keep everyone on staff during slow months. He makes bank though, so it works out