I doubt they are happy as much as disinterested. The economy has been heavily financialised, interest rates have been at 0% [0] and a big chunk of economic activity is government spending. Shareholders don't appear to be worried about how the company actually runs in the details. What matters is that the CEO is positioning them to tap in to the money printing and borrowing game. IE, the wages suggest workers don't really matter because they don't. Profits will come from things like being in Crypto or AI booms at the right time.
It isn't the be all and end all, but I'd rather be a shareholder in, say, a military production company with solid government contacts & contracts than one with capable workers.
[0] Thank goodness that has finally changed but there is a bit of a lag while everyone catches up to the new normal.
It isn't the be all and end all, but I'd rather be a shareholder in, say, a military production company with solid government contacts & contracts than one with capable workers.
[0] Thank goodness that has finally changed but there is a bit of a lag while everyone catches up to the new normal.