Re:The wealthiest 10% of Americans own a record 89% of all U...
by colinmhayes on Monday October 18, 2021 @02:03PM
(#28908733)
Wages are sticky because people generally don't like job hopping. Over time they absolutely lead to higher wages as firms compete for employees.
As far as corporate tax incidence, the literature is pretty clear that they reduce wages. They reduce return on capital too, some estimate that a $1 corporate tax costs capital 60 cents and labor 40 cents from what I've read. Some estimates are 50/50 though. https://www.aeaweb.org/articles?id=10.1257/aer.20130570
As far as corporate tax incidence, the literature is pretty clear that they reduce wages. They reduce return on capital too, some estimate that a $1 corporate tax costs capital 60 cents and labor 40 cents from what I've read. Some estimates are 50/50 though. https://www.aeaweb.org/articles?id=10.1257/aer.20130570
https://www.sciencedirect.com/science/article/abs/pii/S00142...