For everyone in the back who still somehow thinks that economics is simple:pic.twitter.com/n9KcmvQxcB
Epidemiologist. Writer (Guardian, Observer etc). "Well known research trouble-maker". PhDing at @UoW Host of @senscipod Email gidmk.healthnerd@gmail.com he/him
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For everyone in the back who still somehow thinks that economics is simple:pic.twitter.com/n9KcmvQxcB
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
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
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
Decrease the government share, and suddenly everyone has more money!pic.twitter.com/gJFsIuIXOw
I’d argue that the workers share stays the same, while the company share increases the most and shareholders share increases marginally (which is the point you are trying to make). Trickle down economics ends at the first trickle.
Yeh pretty much. Most companies see workers as an 'expense' in my experience, not a stakeholder in the company worthy of rewarding
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