Thursday, October 29, 2015
United Airlines behaving badly
This is an article profiling how United Airlines (and most US companies, for that matter) is increasingly using profits in an extractive way, to enrich shareholders, as opposed to reinvesting profits in capital improvements or better compensation for labor. It seems to illustrate the mechanism of how investors see their wealth grow faster than the economy as a whole, as Piketty demonstrates. It's a shame for me to see a hometown company acting this way.