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I mean salaries [1] for almost everyone other than executives and programmers haven't increased in 20 years. Corporate profits on the other hand are at record
by andy_ppp 10y ago
I mean salaries [1] for almost everyone other than executives and programmers haven't increased in 20 years. Corporate profits on the other hand are at record levels - so basically in my opinion workers are being screwed.
[1] http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2014/10/09/for-most-wor...
- witty_username 10y agoEconomies are not zero-sum. The gain of corporations doesn't mean workers are being "screwed". Corporate profits are good; they mean more return to shareholders.
- xg15 10y agoShareholders, who are for the most part not workers. If living costs raise and the quality of available jobs worsens (e.g. less job security) but your wage stays the same that's objectively a loss.
- witty_username 10y agoWorkers indirectly invest in the stock market through retirement funds and other investments. Also, I think higher profits increase bond yields and bank interest rates. > If living costs raise and the quality of available jobs worsens (e.g. less job security) but your wage stays the same that's objectively a loss. True, but that hasn't happened.