Originally Posted by
dodgeflyer
Has it ever occurred to you that this balance is too far to the side of capital? View it this way, when IAG, for an industry, are taking super profits compared to the industry and in large to most industrial groupings that it is in fact employees who are subsidising dividends, thus productivity achieved by the company off the employees is too high?
It’s pseudo economics to think paying employees higher wages equals business instability.
Large companes like BA also have social responsibilities. Underpaying their staff means that those staff have less money to spend in their communities which negatively affects other businesses. And poorly paid staff are more likely to be eligible for state benefits which we all pay for and thus indirectly subsidise BA profits.