Re:The Long History of Nobody Wants to Work Anymore
by syockit on Sunday July 30, 2023 @11:26AM
(#36932171)
You 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.
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Re:The Long History of Nobody Wants to Work Anymore
by pstuart on Sunday July 30, 2023 @12:38PM
(#36933016)
Employers 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=Fro....