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A saying explains this as it's because the market keeps surging, is it true?
by suraci 2y ago
A saying explains this as it's because the market keeps surging, is it true?
- ktallett 2y agoMore money being made but the workers not seeing the benefits of that is of course going to lead to low morale.
- SoftTalker 2y agoWhat's keeping the workers out of the market?
- ktallett 2y agoThe issue should be less focused on why aren't the workers doing more, but more on who has let the few have so much power over others without being challenged. Society as a concept fails without workers.
- dyauspitr 2y agoThe products generating revenue just don’t need many workers to keep going.
- ternnoburn 2y agoCapital claims the rewards. Company gets twice as productive, there's no reason to pay workers more unless they organize to demand it. So the bosses keep more and more of the surplus.
- dfxm12 2y agoIt's more about unemployment & wages, but these things are connected in many ways. With more unemployment, employers have more power (since the supply of labor is higher) so employees have to grin and bear more abuse, including lower wages. Back in March '23, Powell talked about enacting monetary policy specifically to raise unemployment. Labor was too strong, wages were too high. He felt that this was contributing to inflation. A lot of economists, like Jeremy Siegel, said there was too much low hanging fruit for the fed to be so focused on increasing unemployment, which would cause a lot of disruption to the working class for minimal gain. The fed will generally side with capital though.