The point here? THIS IS NOT AT ALL SURPRISING Seriously people, you can't boil down a complex thing like "wage growth" into "give companies more money" it's more complex than that
-
-
Show this thread
-
The basic idea that is promoted by economic liberals is that giving a company more money to play with (via tax concessions) will give them more money to pay their workers
Show this thread -
If you think of it like a pie chart, with the company, shareholders, the government, and workers as the beneficiaries of profits, it kinda makes sensepic.twitter.com/pLqqbaC3Av
Show this thread -
Decrease the government share, and suddenly everyone has more money!pic.twitter.com/gJFsIuIXOw
Show this thread -
But that's almost never what actually happens. There are thousands of tiny impacts that this model doesn't take into account
Show this thread -
Regulation, market forces, the CEO's new Maserati (this is a real example from a company I worked at) - they all impact whether workers get paid more
Show this thread -
The assumption that increasing profits = higher wages is simply wrong It's more complicated than that, stop saying it
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.