The Greatest Issue of Our Time? Inequality Slavery?
Is the world’s growing inequality the new de facto slavery of our time?
Target, the American mega-chain retailer, failed in its expansion plans in Canada and recently announced that they are closing all of its 133 Canadian stores and laying off about 17,600 employees. But Target’s Canadian liquidation is not the news I want to write about, rather it’s something more shocking than a mere business flop.
It seems the fallen CEO of Target’s Canadian subsidiary will get a total severance and benefits exit package from the home office worth about the same as the total amount being offered to all 17,600 of the chain’s Canadians employees. Now that’s a golden parachute!