7 ms·
I think the main complaint is that capital (investors) is eating a much too large share of gains in productivity or from other sources, because capital has too
by bayesian_horse 4y ago
I think the main complaint is that capital (investors) is eating a much too large share of gains in productivity or from other sources, because capital has too much power.
Higher wages can only be clawed back from the shareholders.
- jonnycomputer 4y agoWell that is why I think that income (either through minimum wages, basic income cash transfers, of union contracts) should be explicitly linked to productivity not CPI. In an ideal world individual productivity should increase wages proportionate to the increased value produced, but--as you say--that doesn't seem to be happening.