Skip to main content

View Diary: It's Not Wage Stagnation, It's Wage Robbery (151 comments)

Comment Preferences

  •  Fine, keep wages where they are and give out (7+ / 0-)
    Recommended by:
    koosah, RichM, Alumbrados, JVolvo, elwior, AWilson, BYw

    stock to make up for it.

    While you dream of Utopia, we're here on Earth, getting things done.

    by GoGoGoEverton on Tue Mar 04, 2014 at 10:10:00 AM PST

    [ Parent ]

    •  No thanks (1+ / 0-)
      Recommended by:
      Tasini

      I mean, "stock" is certainly something, and it could be lucrative. But it won't put food on my table unless I cash it in.

      In the big picture? Not interested.

      This all started with "what the Republicans did to language".

      by lunachickie on Tue Mar 04, 2014 at 03:07:25 PM PST

      [ Parent ]

      •  Preferred Stock (1+ / 0-)
        Recommended by:
        lunachickie

        If the company's assets are sold off to another entity, the preferred shareholders are more likely to be in line to receive compensation. Holders of common shares (like typical employee stock options or ordinary stock market investors) get squat. In an IPO, common shares might make something, but preferred shares, again, make more.

        •  It still doesn't put food on my table (1+ / 0-)
          Recommended by:
          radical simplicity

          either, unless I cash it in :(

          This all started with "what the Republicans did to language".

          by lunachickie on Tue Mar 04, 2014 at 05:11:02 PM PST

          [ Parent ]

        •  Except for utilities few public companies (0+ / 0-)

          issue preferred stock, and haven't for a long time. Companies will issue convertible debt or straight debt. Preferred stock doesn't play a role in the capital structure of public companies any more. Preferred is used extensively in private companies and is issued to investors so they have a preference in liquidation over the founders and other common stockholders.

          "let's talk about that"

          by VClib on Tue Mar 04, 2014 at 05:36:17 PM PST

          [ Parent ]

          •  I am aware of the role of preferred (3+ / 0-)
            Recommended by:
            VClib, lunachickie, FindingMyVoice

            stock in private companies. Most public companies began life as private ones, in which case preferred vs common was relevant.

            In public companies, class A and class B shares play a similar role, though not all companies divide their stock into separate classes. For employees, Class A = power over the direction of the company, Class B = roll those dice, baby!

            As a form of employee compensation, stock is simply a means of deferring useful pay that could otherwise be being invested in the demand side economy - if the employee is lucky. If the employee is not lucky, it's a means of permanently not compensating the employee for a portion of their labor.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site