Corporations decided to honor the almighty dollar. They definitely don’t care about employees. Stock owners maybe.
The reaason for being in business is to make a profit. The profits belong to the shareholders of a corporation to whom the Board of Directors owe allegiance.
The purpose of a corporation is not to provide jobs or social goal attainment. The purpose of a corporation is to make money for the stock holders. To make money, employees must be hired and maintained to ensure their employment efforts contribute to the bottom line of the profit and loss statement.
Profits do not belong to employees who contribute labor to the process. That is unless, the employee becomes a stock holder and is thus able to claim his pro rata share of the profits