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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 inetknght on Tuesday July 17, 2018 @05:58PM (#17553823)
> Nobody is concerned about wages in tech.

Speak for yourself. Wages in tech is highly consolidated into tech owners, tech engineers, and then tech support. Anyone on the periphery is not getting their fair share whatsoever.

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Re:Federal Reserve chair says decline in workers' share of p... by marme on Tuesday July 17, 2018 @06:15PM (#17553948)
how to define fair?
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Re:Federal Reserve chair says decline in workers' share of p... by inetknght on Tuesday July 17, 2018 @06:28PM (#17554043)
That's the crux of the problem, isn't it?

If the company has millions of dollars in not just revenue but profits and a significant number of its employees are below poverty level and/or on welfare, is that fair? No, definitely not.

If the company's profit per employee is more than a certain percentage of a given employee's salary, is that fair? No, probably not.

If the company were to distribute a 10% salary bonus to all employees, would that bonus eliminate profits?

If the company were to distribute 10% of profits to all employees equally, how much difference against their salary would that change be?

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