The 'free market' manifesto that broke America and led to Trumpism

[kimbutgar]

6. In 1980 I was thinking about gong back to school and getting an MBA

I took an introductory class to decide if I would pursue the MBA. I took classes in Economics and finance in college so I knew enough to explore pursuing an MBA. The professor said the most important thing In business is to maximize shareholder value, maximize profits and pay employees as a little as possible. I asked him then if you pay employees less won’t they have less money to buy and use the goods and services? He said workers were indispensable and easy replaced. Profits over labor are more important. After that I never went back to the class. I was out $150 but knew I never wanted that MBA.