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What does surplus even mean with respect to wages? You could always pay your employees more! So what you mean is surplus is when you pay the market rate wages w
by ramraj07 4y ago
What does surplus even mean with respect to wages? You could always pay your employees more! So what you mean is surplus is when you pay the market rate wages which in turn suggests the minimum amount of money the company should pay to ensure it gets the workers it needs.
If they cut the salaries and still enough people stay, then the money they saved still is surplus by that definition.
- miguelazo 4y ago“Gets the workers it needs” Clearly it doesn’t, since Intel couldn’t even save itself during a chip shortage when prices were sky high. They’re getting smoked by AMD and TSMC, in terminal decline much like the mismanaged Motorola of old. It certainly doesn’t have the leadership it needed, so if anyone should have their pay cut, it’s the fat cats at the top who financialized the company a la GE and ran it into the ground.