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I thought it was the influx of new money printed, which we've done in the form of Quantitative Easing, multiple bail outs, etc.
by pstuart 3y ago
I thought it was the influx of new money printed, which we've done in the form of Quantitative Easing, multiple bail outs, etc.
- almost_usual 3y agoWhich mostly trickles up.
- mtsr 3y agoIt didn’t even need to trickle up, it was exclusively handed out to the top on the assumption of “trickle down economy” being a real thing.
- syockit 3y agoYou print more money because you have to give out more money, whether if it's in the form of handouts or in the form of extra wages.
- pstuart 3y agoEmployers aren't printing up more money. Yes, labor costs going up impact profits but what about labor costs of management? That has gone up significantly: "From 1978 to 2021, CEO pay based on realized compensation grew by 1,460%, far outstripping S&P stock market growth (1,063%) and top 0.1% earnings growth (which was 385% between 1978 and 2020, according to the latest data available). In contrast, compensation of the typical worker grew by just 18.1% from 1978 to 2021" Source: https://www.epi.org/publication/ceo-pay-in-2021/#:~:text=From%201978%20to%202021%2C%20CEO,18.1%25%20from%201978%20to%202021 https://www.epi.org/publication/ceo-pay-in-2021/#:~:text=Fro....