Mystic Force Posted 22 May, 2021 Share Posted 22 May, 2021 https://www.cnbc.com/2021/05/22/wages-rise-at-the-fastest-pace-in-years-firms-profits-could-take-a-hit.html I read this article having a real hard time going along with their clear sympathies of the author. Maybe a pandemic every so often helps boost the normal person wages, after all a side effect of the black death was a dramatic increase in wages and increased freedom for the peasants. Note: Not suggesting deliberately infecting a bunch of people for economic gain. Link to comment Share on other sites More sharing options...
Lighthouse Posted 22 May, 2021 Share Posted 22 May, 2021 I’m no economist but won’t this just mean inflation in the long run? Wages go up, small privateer companies have to match the larger companies to get staff in the door. The prices go up to pay for it, people just end up paying more for goods they always bought anyway and any pay rise is negated. Good for mortgage holders, bad for savers. Link to comment Share on other sites More sharing options...
Mystic Force Posted 22 May, 2021 Author Share Posted 22 May, 2021 Pay CEO less! Reduce inflation! Yeah I can get behind that message. 2 Link to comment Share on other sites More sharing options...
Lighthouse Posted 22 May, 2021 Share Posted 22 May, 2021 8 minutes ago, Mystic Force said: Pay CEO less! Reduce inflation! Yeah I can get behind that message. Pay CEOs less so that the best ones p*ss off to another company, who will pay them more and in return make or lose billions of dollars. I’m sure shareholders will be queuing up to do that. Or would you prefer the government to set the wages of all workers? 1 1 1 Link to comment Share on other sites More sharing options...
Mystic Force Posted 22 May, 2021 Author Share Posted 22 May, 2021 So.... when workers would like more money = problem when CEO like more money = system working correctly got it! 1 Link to comment Share on other sites More sharing options...
Lighthouse Posted 22 May, 2021 Share Posted 22 May, 2021 4 minutes ago, Mystic Force said: So.... when workers would like more money = problem when CEO like more money = system working correctly got it! No, you can do whatever you like. If you want to set up a company and pay your staff more than your competitors, whilst paying your key decision makers less than all your competitors, then be my guest. 1 Link to comment Share on other sites More sharing options...
Raging Bull Posted 22 May, 2021 Share Posted 22 May, 2021 (edited) Pay those who make profitable long term decisions, keep those below them employed and have big responsibilities more money, that’s fair. Pay everyone on a much more equal scale across the board, not really. Having said this, I have started to see (Pre 2020) companies in my field start to do some interesting things, such as unlimited time off, no questions asked. The directors still ended up telling employees to go home and take time off because they realised that the employees had a mind set of not wanting to take the p*ss and be seen to pull their weight. Edited 22 May, 2021 by Raging Bull Link to comment Share on other sites More sharing options...
whelk Posted 22 May, 2021 Share Posted 22 May, 2021 The disproportionate rise in CEO pay should be of concern but you won’t find many on here who object. They are very subservient bunch in general and probably marvel at how great it is for trickledown economics. it is a racket at the top table for sure but to be fair you only get there if incredibly talented and hard working. 3 Link to comment Share on other sites More sharing options...
buctootim Posted 22 May, 2021 Share Posted 22 May, 2021 (edited) 1 hour ago, Lighthouse said: I’m no economist but won’t this just mean inflation in the long run? Wages go up, small privateer companies have to match the larger companies to get staff in the door. The prices go up to pay for it, people just end up paying more for goods they always bought anyway and any pay rise is negated. Good for mortgage holders, bad for savers. That was trotted out by rich people and stock holders when Blair proposed a minimum wage back in the last century. It didn't happen. The minimum wage is still rising. It still doesnt happen Edited 22 May, 2021 by buctootim quoted wrong post 1 Link to comment Share on other sites More sharing options...
Lighthouse Posted 22 May, 2021 Share Posted 22 May, 2021 9 minutes ago, buctootim said: That was trotted out by rich people and stock holders when Blair proposed a minimum wage back in the last century. It didn't happen. The minimum wage is still rising. It still doesnt happen None of my posts had anything to do with the minimum wage. Link to comment Share on other sites More sharing options...
buctootim Posted 22 May, 2021 Share Posted 22 May, 2021 4 minutes ago, Lighthouse said: None of my posts had anything to do with the minimum wage. Thats pretty odd since the post you responded too was all about minimum wages being raised. Link to comment Share on other sites More sharing options...
Lighthouse Posted 22 May, 2021 Share Posted 22 May, 2021 7 minutes ago, buctootim said: Thats pretty odd since the post you responded too was all about minimum wages being raised. Minimum wages and ‘the’ minimum wage aren’t the same thing. Big companies in the US are increasing their minimum wages to counter a short term labour shortage and maintain their own profits. Link to comment Share on other sites More sharing options...
buctootim Posted 22 May, 2021 Share Posted 22 May, 2021 Semantics. The UK minimum wage raised wages (who knew?) and it didn't cause inflation - contrary to the point you made. 3 Link to comment Share on other sites More sharing options...
Lighthouse Posted 22 May, 2021 Share Posted 22 May, 2021 It’s not semantics, they’re two completely different issues. The minimum wage is there to stop cowboy outfits from stuffing their warehouses and stores with Romanians and Bulgarians earning £1 per hour and to make sure you’re not just better off sat at home on the dole than actually doing a days work. You're conflating people on minimum wage (7% of the UK working population) with a pay rise for anyone who’s not the CEO (basically 99% of the population). Link to comment Share on other sites More sharing options...
Jonnyboy Posted 22 May, 2021 Share Posted 22 May, 2021 5 hours ago, whelk said: The disproportionate rise in CEO pay should be of concern but you won’t find many on here who object. They are very subservient bunch in general and probably marvel at how great it is for trickledown economics. it is a racket at the top table for sure but to be fair you only get there if incredibly talented and hard working. Dido Harding? 2 Link to comment Share on other sites More sharing options...
Fan The Flames Posted 23 May, 2021 Share Posted 23 May, 2021 The rights of the working population are never increased freely by those in control, but are won through protest or snatched in moments of world crisis. 4 Link to comment Share on other sites More sharing options...
Ohio Saint Posted 25 May, 2021 Share Posted 25 May, 2021 All I know is that for that for last 20 years here, my pay has risen MUCH less than the cost of living while some billionaires are reaching the same status as som in the gilded age when they had no income tax. 2 Link to comment Share on other sites More sharing options...
Mystic Force Posted 25 May, 2021 Author Share Posted 25 May, 2021 If you wait for the man to give you more you will be waiting a long time, you have to move company for that to happen normally. 2 Link to comment Share on other sites More sharing options...
skintsaint Posted 26 May, 2021 Share Posted 26 May, 2021 5 hours ago, Mystic Force said: If you wait for the man to give you more you will be waiting a long time, you have to move company for that to happen normally. or start your own. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 29 May, 2021 Share Posted 29 May, 2021 An isolated case which may not hold if replicated many times but an interesting tale. Link to comment Share on other sites More sharing options...
rooney Posted 30 May, 2021 Share Posted 30 May, 2021 95% of shareholders in HSBC voted in favour of the Directors remuneration policy at the AGM yet the company is always being litigated against, the share price is poor, they have reduced the number of dividend payments and their salaries and bonus are obscene. Link to comment Share on other sites More sharing options...
OldNick Posted 1 June, 2021 Share Posted 1 June, 2021 you are going to see a natural rising of wages for workers. There is a labour shortage of people in the service industry and so companies will have to up their rates to get the staff. Generally the consumer will see a increase in prices. Inflation around the corner. I suspect we've all noticed it in the supermarket. Add to that we have the increased costs of importing goods from the EU and that will add to the upward pressure to the £ in our pocket. Low inflation keeps things manageable, I would hate to see the pain of high inflation again. Link to comment Share on other sites More sharing options...
whelk Posted 2 June, 2021 Share Posted 2 June, 2021 High inflation and corresponding increase in interest rates would fuck many home owners who ‘can’t go wrong’ borrowing as much as they can. Sure all the Brexiteers will be delighted and understanding having to wait longer to be served and pay more for a beer. Link to comment Share on other sites More sharing options...
whelk Posted 2 June, 2021 Share Posted 2 June, 2021 On 29/05/2021 at 04:35, Doctoroncall said: An isolated case which may not hold if replicated many times but an interesting tale. That is interesting and fair play to him. Extreme though. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now