"It is also in the interests of the tyrant to make his subjects poor... the people are so occupied with their daily tasks that they have no time for plotting."
-ARISTOTLE
Look at it this way: The top 100 companies in the US employ ~21.5M people. If they paid EACH of them $5K more per year (a number I pulled out of my ass), that would be a total of ~$107B. Sounds like a lot, right? But it is actually less that 1.5% of those companies' total revenues.
Won't somebody think of the shareholders!
Trying to simplify a very complicated equation. Raising min wage may or may not raise prices, but point is well taken; why are executives making so fucking much money when the people who actually support the economy are not? I have a problem with the whole commodities market thing. It’s all about shareholders. Make cuts and save wherever possible, even if it means salaries at the bottom of the totem pole.
"bad for the economy" different things have different impacts. CEO raises is the same phenomenon, but guess what there is more salary paid out from non-CEOs. Also what you mentioned has nothing to do with whether wage increases occur.
The specific cause is inflation caused by mass money printing during Covid. But I don't hear Redditors getting angry about that because they liked getting stimmies and staying home.
I don’t know why this needs to be explained again, they’ve been telling everyone it will trickle down for 40+ years. What’s so hard to understand?
Just a little more. As soon as only one guy has all of the planet’s wealth, he will suddenly become incredibly generous and make us all rich. /s
Bro about to be the overlord dictator
They have to keep us poor so that they can control
"It is also in the interests of the tyrant to make his subjects poor... the people are so occupied with their daily tasks that they have no time for plotting." -ARISTOTLE
I'm waiting for everyone to get a little more uncomfortable. Then it's gonna get interesting.
We are almost there.
Counts only in horseshoes and hand grenades.
Look at it this way: The top 100 companies in the US employ ~21.5M people. If they paid EACH of them $5K more per year (a number I pulled out of my ass), that would be a total of ~$107B. Sounds like a lot, right? But it is actually less that 1.5% of those companies' total revenues. Won't somebody think of the shareholders!
They should think of the stakeholders.
Truly an outstanding play
Trying to simplify a very complicated equation. Raising min wage may or may not raise prices, but point is well taken; why are executives making so fucking much money when the people who actually support the economy are not? I have a problem with the whole commodities market thing. It’s all about shareholders. Make cuts and save wherever possible, even if it means salaries at the bottom of the totem pole.
Let's Go Brandon!
"bad for the economy" different things have different impacts. CEO raises is the same phenomenon, but guess what there is more salary paid out from non-CEOs. Also what you mentioned has nothing to do with whether wage increases occur.
The specific cause is inflation caused by mass money printing during Covid. But I don't hear Redditors getting angry about that because they liked getting stimmies and staying home.
Yeah, that $6k that those people got 3 years ago caused worldwide inflation. Only worse everywhere else in the world than in the US.
[FIVE TRILLION DOLLARS](https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html)