Quote:
Originally Posted by Ignitionnet
If we're playing that game without the 'management' class who would be running these companies, opening new ones, investing and putting up the capital?
Overpaying workers causes inflation, inflation is not nice. Upsetting shareholders and investors makes capital harder to raise.
I didn't get 5% this year and my company had a record year both in terms of revenue and profit with zero pension deficit.
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it does cause inflation but also printing money and low interest rates raises inflation.
so why are we trying to curb inflation with wage rises but letting it go up elsewhere? the result is wage rises that are below inflation and a poorer population.
I do agree with some of your points, I think the weak link here is the ceo accepting the large bonus. If he turned it down then I expect the pay deal would have been quietly accepted. If I was running a company and just accepted a 3million bonus, I wouldnt be able to keep a straight face when telling the workers they had to live with 2%.