Regardless, some business leaders and politicians have criticized younger workers and pandemic-era government aid as a leading cause of the labor shortage. Early retirements and strong stock market dividends were seen as major factors behind the so-called Great Resignation last year, while employees seeking more purpose in their work and a better quality of life have kept it alive this year. So far, this theory behind the labor shortage has failed to gain support from numbers. Much of the criticism has been aimed at younger members of the workforce, who earlier this year were referred to as a “very entitled generation that has never had to sacrifice” by BlackRock President Robert Kapito. Last year, online mortgage company fired more than 900 employees after CEO Vishal Gard publicly accused hundreds of staffers of being unproductive, not working long or hard enough, and therefore “stealing” from the company and its clients.
and government handouts are the root causes behind the labor shortage. Marcus is far from the first business leader to say perceived laziness in the U.S. Marcus retired from active involvement with Home Depot in 2002.
#NO LONGER HOME 29 FREE#
while criticizing the “woke people” he thinks are eradicating free speech.Ī Home Depot spokesperson told Fortune Marcus’ comments do not represent the company. In the wide-ranging interview, where Marcus-worth over $5 billion according to Bloomberg-touched on everything from his reputation as a prolific philanthropist to his inclination for Milton Friedman’s business-first interpretation of economics, the former CEO lamented capitalism’s slow demise in the U.S. For Marcus-an unabashed supporter of former President Donald Trump, often to his own company’s chagrin-the reasons behind today’s unfavorable environment include the current administration and the “woke” establishment’s involvement in business. In today’s business climate, Home Depot may have been able to only open 15 or 16 stores, Marcus said, compared to the 2,300 locations the retailer currently has scattered around the U.S.
I don’t want to work-I’m too lazy, I’m too fat, I’m too stupid.’’ Because of “socialism,” he said in an interview with the Financial Times published Thursday, “nobody works.
But Bernie Marcus, the billionaire co-founder of Home Depot, says it’s really simple: People just hate capitalism now.
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