It's almost like Unions and worker protections act to help all workers get a better deal.....
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Amen brother
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It’s not that fucking complicated
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NOT IN THE UNITED STATES.
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Wage increase will always leads to price-increase! 'Businesses passed on the higher cost of labor to customers' (author) Who are these 'customers' other than d class of employees? It was via such constant wage increase,that all d profits accumulated into pockets of 1%!
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Wage increases are the sole, or even primary cause, of
#wealthconcentration and#inequality ? That's crazy talk friend -
Every wage increase will be followed by a price increase, to swallow its increased purchasing power. The race between income increase &price, perennial. Otherwise, markets wud have been stable. From where does the pockets of 1% constantly bulge if not from every additional sale?
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Well returns on capital are one one important source of wealth. Capital returns tend to be higher when wages are lower. I think you need to broaden your frame of reference. If you try to explain everything with one concept, you end up explaining nothing
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Not that d entire concept of wealth accumulation is attributed to income increase. It plays a role. Observe the rate of wages 100 years ago& that of today. Let us compare it with status of prices.We might get some clue:…http://understandinginflationinanewlight.blogspot.com/2013/07/thecauses-inflation-simplified-or.html?m=1 …
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Untrue !
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Right , we will see
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Fuck economists NYT and RightWingGovernments ASK FOR YOURS
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I can explain why wages are rising in Europe. Because the mass importation of cheap 3rd world labor has slowed. Don’t expect the NY Times to ever admit such a thing though.
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