When a business does poorly, some worker’s wages are cut, others are laid off.
When a business does well, worker’s wages remain stagnant, management’s salary skyrockets.
This is usually the case.
@the retard who said wage stagnation is a myth, you are a moron.
False. Management is frequently FIRED for poor performance, workers are almost never fired for performance issues, expecailly union workers.
Also, wage stagnation is a myth, look it up.
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Assumptive, to bad it’s not backed by anything factual….
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Who told you this nonsense, you Godless commie!
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Yeah, labor never gets raises or bonuses, do they?
Management never gets fired for low productivity, do they?
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Reality.
True.
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It’s a rigged game
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This is usually the case.
@the retard who said wage stagnation is a myth, you are a moron.
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It depends on the company and country you’re looking at. I think the best policy is to fire management, and then cut hours during a downturn.
Do this: fire the poor employees, cut the hours of the good employees who will likely be needed later during an upswing.
But that is not the fault of firms. The problem is that there is no incentive to keep workers. Why aren’t companies forced to contribute more to unemployment benefits? That would incentive them to cut other costs instead of firing people.
Germany did this. It has 5% unemployment and a lower debt than the US even though it’s bailing out the southern half of the continent lol.
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It is called "The Golden Rule". (Catchy name, huh?) Those that have the gold make the rules.
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