You expect people to understand basic economics? Are you insane?
Maleficent_Lobster62 on
The problem is the system. Shareholders want stock to go up so cost must be low so profit is high. And every year profit must be higher or stock goes down. We can’t be content with a 100 billion profit if last year’s profit was 150 billion.
Quiet-ForestDweller on
But then how will they buy out an entire Italian city for their private event?
Important-Western416 on
That’s really not quite how it works exactly. The CEO could take much less profit usually and wages wouldn’t be that significantly affected. Now, stock buybacks and other reinvestments can be reduced, upper management can be paid less, and between all that a big difference can be made, but it’s not something a single company can do easily in our current system and kinda must be legislated because investors flock and that can bankrupt a company.
But the idea higher wages cause inflation is false. More money causes inflation(well, that and supply issues) not higher wages. Higher wages do not create money, loans and central banks do.
That all has fallen on deaf ears, but neither of the statements in the meme are particularly accurate.
Edit: I make the nuance above so that people know who truly is holding back wages – the owners(shareholders) of the company, not the employees, and CEOs are employees(who ARE often paid in stock/ownership)
UncleVoodooo on
no see that could crash the economy and make everything more expensive
theskysthelimit000 on
But think of the yachts they could buy! /s
PeaceMaker_IXI on
We’ve done it fellas. This meme has solved greed. Your move atheists.
phobos_664 on
Not every company is run by a billionaire. If a mom and pop shop has to pay more to their employees they will raise the prices to offset that cost. Otherwise they run a business that just loses money and then is forced to shut down.
Few-Indication3478 on
The first sentence is the rich and powerfuls way of saying: “no matter what you do we’re going to continue to screw you over.”
The-Dutcher on
DrHollander on
Well you see they in fact can, but most of you don’t have the stomach for it
ValidOpossum on
Or, billionaires gtfo. Fuck those sheet stains.
asher030 on
They can’t measure their dicks against each other if they do that D: Think of their precious game…they just GOTTA win. The rest of us are just collateral is all
HurrySpecial on
Billionaires making less profit means more in avg Joes’s pocket. If everyone has more money than what does that do?
OP you are either really stupid or a really smart meta-memer
MrChocolateHazenut on
( Joe gets shot with laser ) __He was asking too many questions__
Nite-ish on
But both costs of things and billionaire profits have massively increased but my wages have remained stagnant.
It is not as if these three things increasing in lockstep as you are implying here.
RyouIshtar on
Putting a cap on profit would end so many problems. Like just do a 1 billion dollar cap for everyday shenanagins (Grocery stores, restaurants, etc. )You dont need more than that in a year….
Oh i’m sorry i’m getting downvoted. Yes i do agree, we should let people who earn money keep all of it. It is there money after all. So with that said, whats the point of this meme?
joegetto on
People have forgotten that “profit” is what you have after you’ve already paid for everything. Salaries and expenses are all paid for and the profit is the extra. Making 10 billion dollars in profit year over year over year is insanity and unsustainable.
Alec_de_Large on
If they were adequately taxed then the money would be distributed as intended.
Politicians and big business have been hand in hand for many decades now. Or big business is the new social power structure as depicted in that movie called Network from the 1970s. If that’s the scenario then yeah that explains why they’ve been able to avoid social laws and regulations.
AntagonistofGotham on
“People richer than me bad, give me some updoots!”
This is slop, get it out of here.
nicodeemus7 on
“If we pay you more, we have to raise prices. Anyways, we’re raising prices and cutting your hours and benefits.”
Deathstar699 on
They treat businesses and stocks like a perpetual motion machine. They think that number has to go up or they will suffer for it. When the reality is only the business suffers, so they force the business to go against their principles enshitify their product and when they have finally cause the eventual downward spiral of the business they take their money elsewhere before they loose anything.
And who looses? The consumer, the business and everyone but the shareholders. I think it would be better for everyone if the shareholders cannot pull their money out if the business goes south so they loose something. But then there is that 2nd issue of conglomerates and monopolization which creates its own problem of some businesses being too big to fail.
Right now the state of the Google and youtube has became an advertiser’s paradise but an infected mess for consumers that wouldn’t touch the place without an add blocker. When did good sites become less secure than piracy ones?
Simon-Olivier on
People who need a minimum wage increase are not the ones who are going to invest that money in the stock market. Their money will circulate within their local stores to buy basic needs. Prices won’t go up from that
maverickzero_ on
Basically no. The board (shareholders, fellow big hearted billionaires) will replace them with a CEO who makes the line go up. It’s fucked from top to bottom
rob3345 on
I think I will put in the work and sacrifice over twenty years to create a successful venture and then just give it away…said nobody…ever. Before asking for others to give away what they have worked for, what have you done? If every worker gave just a couple thousand dollars towards the national debt, per year, we could pay it off. You make 50k a year…what’s a couple grand??
Cap-eleven on
Musk’s wealth is much a derivative of the 300x PE ratio of Tesla than its 11% EBITDA margin. He is a billionaire because we made him a billionaire by the exuberant amounts of cash thrown at Tesla stock.
slobs_burgers on
How fucking dare you suggest such a thing!
Shimmitar on
its pretty BS that prices have to increase if people get paid more. there is no reason to increase prices. other than greed
Ceverok1987 on
Just tax them and start a UBI program
Lazydaveyt on
Don’t know why we all just put up with it anymore. Makes me sad
Ok_Mention_9865 on
I really want to see a law that ties a corporations lowest paid employee to the highest. Like the highest can’t make more than 500× the lowest if you want a raise everyone gets a raise
[deleted] on
[ Removed by Reddit ]
ProbRunning on
Spoken like an uneducated simpleton.
tortuga8831 on
The French had a great solution back in the day. Kinda feeling like we should bring it back
ohanse on
It’s not like they’re holding cash… so, mechanically, no.
You’re going to have to do something with how salary and payroll are treated on a financial statement, or provide major corporate tax incentives to pay workers more (probably through how payroll is taxed).
xethu on
Nooooo you don’t understand they need to make money
_SasquatchPatrol on
So billionares are rich because they have stocks. Stocks fund everyones 401k retirement plans and the company boards have an obligation to create profit for shareholders. Your not mad at billionares your mad thar capitalism is a rigged game just like the casino. Sure maybe you win but the majority losses.
ferriematthew on
99% tax rate for anything over $1 million a year. Screw that, 100% tax rate for anything over a million a year
requiredtempaccount on
The problem isn’t that the logic is bad, it’s just that they can’t be forced to run a company a certain way.
Increasing income DOES increase prices. Is it fair? No. Is it avoidable? Yes. Will it actually be avoided? No.
DowntownLizard on
Slightly hard to own less of a company. Someones gonna own it tbh
rodbrs on
Even if they took zero profit, people getting paid more will result in things costing more.
41 Comments
You expect people to understand basic economics? Are you insane?
The problem is the system. Shareholders want stock to go up so cost must be low so profit is high. And every year profit must be higher or stock goes down. We can’t be content with a 100 billion profit if last year’s profit was 150 billion.
But then how will they buy out an entire Italian city for their private event?
That’s really not quite how it works exactly. The CEO could take much less profit usually and wages wouldn’t be that significantly affected. Now, stock buybacks and other reinvestments can be reduced, upper management can be paid less, and between all that a big difference can be made, but it’s not something a single company can do easily in our current system and kinda must be legislated because investors flock and that can bankrupt a company.
But the idea higher wages cause inflation is false. More money causes inflation(well, that and supply issues) not higher wages. Higher wages do not create money, loans and central banks do.
That all has fallen on deaf ears, but neither of the statements in the meme are particularly accurate.
Edit: I make the nuance above so that people know who truly is holding back wages – the owners(shareholders) of the company, not the employees, and CEOs are employees(who ARE often paid in stock/ownership)
no see that could crash the economy and make everything more expensive
But think of the yachts they could buy! /s
We’ve done it fellas. This meme has solved greed. Your move atheists.
Not every company is run by a billionaire. If a mom and pop shop has to pay more to their employees they will raise the prices to offset that cost. Otherwise they run a business that just loses money and then is forced to shut down.
The first sentence is the rich and powerfuls way of saying: “no matter what you do we’re going to continue to screw you over.”
Well you see they in fact can, but most of you don’t have the stomach for it
Or, billionaires gtfo. Fuck those sheet stains.
They can’t measure their dicks against each other if they do that D: Think of their precious game…they just GOTTA win. The rest of us are just collateral is all
Billionaires making less profit means more in avg Joes’s pocket. If everyone has more money than what does that do?
OP you are either really stupid or a really smart meta-memer
( Joe gets shot with laser ) __He was asking too many questions__
But both costs of things and billionaire profits have massively increased but my wages have remained stagnant.
It is not as if these three things increasing in lockstep as you are implying here.
Putting a cap on profit would end so many problems. Like just do a 1 billion dollar cap for everyday shenanagins (Grocery stores, restaurants, etc. )You dont need more than that in a year….
Oh i’m sorry i’m getting downvoted. Yes i do agree, we should let people who earn money keep all of it. It is there money after all. So with that said, whats the point of this meme?
People have forgotten that “profit” is what you have after you’ve already paid for everything. Salaries and expenses are all paid for and the profit is the extra. Making 10 billion dollars in profit year over year over year is insanity and unsustainable.
If they were adequately taxed then the money would be distributed as intended.
Politicians and big business have been hand in hand for many decades now. Or big business is the new social power structure as depicted in that movie called Network from the 1970s. If that’s the scenario then yeah that explains why they’ve been able to avoid social laws and regulations.
“People richer than me bad, give me some updoots!”
This is slop, get it out of here.
“If we pay you more, we have to raise prices. Anyways, we’re raising prices and cutting your hours and benefits.”
They treat businesses and stocks like a perpetual motion machine. They think that number has to go up or they will suffer for it. When the reality is only the business suffers, so they force the business to go against their principles enshitify their product and when they have finally cause the eventual downward spiral of the business they take their money elsewhere before they loose anything.
And who looses? The consumer, the business and everyone but the shareholders. I think it would be better for everyone if the shareholders cannot pull their money out if the business goes south so they loose something. But then there is that 2nd issue of conglomerates and monopolization which creates its own problem of some businesses being too big to fail.
Right now the state of the Google and youtube has became an advertiser’s paradise but an infected mess for consumers that wouldn’t touch the place without an add blocker. When did good sites become less secure than piracy ones?
People who need a minimum wage increase are not the ones who are going to invest that money in the stock market. Their money will circulate within their local stores to buy basic needs. Prices won’t go up from that
Basically no. The board (shareholders, fellow big hearted billionaires) will replace them with a CEO who makes the line go up. It’s fucked from top to bottom
I think I will put in the work and sacrifice over twenty years to create a successful venture and then just give it away…said nobody…ever. Before asking for others to give away what they have worked for, what have you done? If every worker gave just a couple thousand dollars towards the national debt, per year, we could pay it off. You make 50k a year…what’s a couple grand??
Musk’s wealth is much a derivative of the 300x PE ratio of Tesla than its 11% EBITDA margin. He is a billionaire because we made him a billionaire by the exuberant amounts of cash thrown at Tesla stock.
How fucking dare you suggest such a thing!
its pretty BS that prices have to increase if people get paid more. there is no reason to increase prices. other than greed
Just tax them and start a UBI program
Don’t know why we all just put up with it anymore. Makes me sad
I really want to see a law that ties a corporations lowest paid employee to the highest. Like the highest can’t make more than 500× the lowest if you want a raise everyone gets a raise
[ Removed by Reddit ]
Spoken like an uneducated simpleton.
The French had a great solution back in the day. Kinda feeling like we should bring it back
It’s not like they’re holding cash… so, mechanically, no.
You’re going to have to do something with how salary and payroll are treated on a financial statement, or provide major corporate tax incentives to pay workers more (probably through how payroll is taxed).
Nooooo you don’t understand they need to make money
So billionares are rich because they have stocks. Stocks fund everyones 401k retirement plans and the company boards have an obligation to create profit for shareholders. Your not mad at billionares your mad thar capitalism is a rigged game just like the casino. Sure maybe you win but the majority losses.
99% tax rate for anything over $1 million a year. Screw that, 100% tax rate for anything over a million a year
The problem isn’t that the logic is bad, it’s just that they can’t be forced to run a company a certain way.
Increasing income DOES increase prices. Is it fair? No. Is it avoidable? Yes. Will it actually be avoided? No.
Slightly hard to own less of a company. Someones gonna own it tbh
Even if they took zero profit, people getting paid more will result in things costing more.