News for hackers. Stuff that matters.

A comment on Federal Reserve chair says decline in workers' share of profits 'very troubling'. Parent comment

Re:Federal Reserve chair says decline in workers' share of p... by tdb7893 on Tuesday July 17, 2018 @05:26PM (#17553575)
We are paid a lot but I heard somewhere that even though we should have crazy bargaining power we still are capturing less of the profits than would be expected so tech isn't fully immune to it (especially if you aren't working at one of the more famous tech companies)
[ Parent | on HN ]
Re:Federal Reserve chair says decline in workers' share of p... by jsoc815 on Wednesday July 18, 2018 @12:27PM (#17559765)
>We are paid a lot... even though we should have crazy bargaining power...

While you are likely correct, what pembrook says is mostly true. The tech scene is often used by economists and the like as a cudgel against any talk that U.S. wages and the general economy are lackluster. (To be clear, I am basing this on actual discussions I have had, not theory and/or scholarly papers.)

[ Parent | on HN ]