but you're also talking about 'average' -- not relevant here.employees with unique, special skills and experience can negotiate for higher paythink CEOs, TomCruise, NFL quarterbacks ...Remember, I said that wages are mostly set by supply and demand. Not many guys can play quarterback in the NFL, so those wages are bid up. The original claim was that if an employer's expenses were lower (for example, no FICA) then the employer would share at least some of those savings with the employee. If you look at the graphs I posted, corporate profits have been climbing steadily, but wages are stagnant. In other words, each worker is producing more money for corporations. Reducing an expense is fundamentally the same as making more money, right? Yet, the case of making more money corporations as a whole aren't motivated to share those extra dollars with their employees. So why are corporations willing to share with their employee if expenses go down, but not in the case when profits go up? Makes no sense. I realize there are some exceptions and marginal cases etc., but overall that's the way the world works.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M