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0 pointsAlexandrB3y ago0 comments

Unions already do something economically useful - increase wages. How would you have a consumer economy if no one had any disposable income?

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treis3y ago

That's shifting where the pie goes. It's not making more pie.

nasmorn3y ago

It absolutely is. Workers getting paid more actually spend that money. If you pay more dividends to the Saudi wealth fund or even a local billionaire the economy doesn’t grow as much of that.

yamtaddle3y ago

Yeah, every study I've seen about economic stimulus indicates it's really, really hard to do better than "give ordinary people more money". That's what you do if you're serious about giving the economy a kick in the ass (and politics and/or bribery don't get in the way). Which makes sense.

markus_zhang3y ago

Shifting pie can be very useful. Consider the situation: One super rich gets 100 million and 100 ordinary people get 100k. The super rich has an upper limit for expenditure because he is still a human being. However if all 100 ordinary people get extra 10k which is paltry, they will probably spend it all to boost economy.

$$ is useless if not flowed through economy.

treis3y ago

No, we'll just get one fewer super yacht and 100 more nice cars (or whatever). It's not an increase in productivity.

Regardless, that's not really the point. The point is that if the unions want sick days it's perfectly within their capability to provide it since their salaries are quite high.

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treis3y ago

That's shifting where the pie goes. It's not making more pie.

nasmorn3y ago

It absolutely is. Workers getting paid more actually spend that money. If you pay more dividends to the Saudi wealth fund or even a local billionaire the economy doesn’t grow as much of that.

yamtaddle3y ago

markus_zhang3y ago

$$ is useless if not flowed through economy.

treis3y ago

No, we'll just get one fewer super yacht and 100 more nice cars (or whatever). It's not an increase in productivity.

Regardless, that's not really the point. The point is that if the unions want sick days it's perfectly within their capability to provide it since their salaries are quite high.

j / k navigate · click thread line to collapse