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Nobody is suggesting there's anything magical here. We're seeing increasing profits, increasing wages for high level management, and static wages for most empl
by annabellish 8y ago
Nobody is suggesting there's anything magical here.
We're seeing increasing profits, increasing wages for high level management, and static wages for most employees.
The second isn't an intrinsic issue itself, but we don't have just the second, we have all three, and _that_ is the problem. If profits and wages were both stagnant, then we would be having a different problem, but that isn't the world we live in. We live in the world where profits are going up, and all of it is going to people other than the workers.
- aeternus 8y agoThis implies a significant arbitrage opportunity for competitors. If workers really are producing the lion-share of the value, then smaller competitors should be able to gain market share by taking the best workers, paying them slightly more than the incumbent companies, and still reap significant profits.