I feel like the ones touting this are big business. Over the last several decades, at least in the United States, real wages adjusted for inflation have remained relatively stagnant. Would we not...
I feel like the ones touting this are big business. Over the last several decades, at least in the United States, real wages adjusted for inflation have remained relatively stagnant.
Would we not be better off looking at excessive corporate profits as the root cause of inflation? When corporations generate significant profits and they're not investing back into the economy through mechanisms like capital expenditure, employee compensation or reducing prices for consumers but rather they're retaining those profits or distributing them to their shareholders it can lead to inflation.
As businesses continue to raise prices to maximize profits despite already high profit margins, we're just going to see this continue to get worse and worse.
Just think about how many corporates during and since the pandemic have achieved record profits but have also continued to lay off well compensated employees only to turn around and rehire at lower wages? In the world of tech sales specifically, companies like Salesforce, Google, etc do this constantly.
No, in my opinion, it's not the increase to wages that's causing inflation - it's just pure and simple corporate greed.
I feel like the ones touting this are big business. Over the last several decades, at least in the United States, real wages adjusted for inflation have remained relatively stagnant.
Would we not be better off looking at excessive corporate profits as the root cause of inflation? When corporations generate significant profits and they're not investing back into the economy through mechanisms like capital expenditure, employee compensation or reducing prices for consumers but rather they're retaining those profits or distributing them to their shareholders it can lead to inflation.
As businesses continue to raise prices to maximize profits despite already high profit margins, we're just going to see this continue to get worse and worse.
Just think about how many corporates during and since the pandemic have achieved record profits but have also continued to lay off well compensated employees only to turn around and rehire at lower wages? In the world of tech sales specifically, companies like Salesforce, Google, etc do this constantly.
No, in my opinion, it's not the increase to wages that's causing inflation - it's just pure and simple corporate greed.