• pjhenry1216@kbin.social
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    1 year ago

    Workers wanted an increase in pay, so shareholders needed to offset that by even more. Workers can’t get a raise without shareholders getting a raise.

    Inflation is majority driven by profit, not wages. Dems barely attack that angle. Republicans actively work against it.

      • SCB@lemmy.world
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        1 year ago

        Shareholders provide economic value (it’s literally in the name) and are not rent-seeking by definition

          • SCB@lemmy.world
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            1 year ago

            Shareholders are key investors and are the principal drivers of M&A and infrastructure investment.

            Disagreeing with the idea that companies exist to drive shareholder returns does not change the actual purpose of shareholders, nor suddenly cause them to be rent-seekers.

            • nednobbins@lemm.ee
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              1 year ago

              You brought an economics argument to a rage thread. OP isn’t making a technical claim when they say “rent seeking behavior”, they’re angry and using it as a synonym for “greedy people”.

              • SCB@lemmy.world
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                1 year ago

                I don’t tilt at these windmills for the people arguing nonsense, but for people scrolling by.