A warehouse worker at a large multinational corporation told top executives to “be realistic” about raises in pay, bonuses and dividend payments, warning that any increase could spark further inflation and put unnecessary pressure on an already poor economy. heated.
“We wouldn’t want to do that, would we?” Lily Kapoor said today at a meeting of shareholders. Saying “unfortunately, that’s the way things are right now,” Kapoor told the CEO and board members that she would have to keep any earnings and salary increases below one percent. “Anything more than that will put additional pressure on inflation and additional stress on companies that are already struggling. I’m concerned, and I’m sure you are, about what that will mean for our economy. I am sorry”.
She said that she wished there was some magical way to create more money. “But as you know, in the end someone has to foot the bill. This will mean higher prices for consumers and could push some companies over the edge. Nobody wants that”.
He urged business leaders to be patient. “No one envies a pay rise for well-paid workers, but right now we can’t afford it. Your turn will come, but for the next ten or twenty years, we just need you to sit still.”
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