Re: Biden economy prices Pacific NorthWest May 15, 2024

[Baxter <bax02_spamblock@xxxxxxxxxxx>]

T <T@invalid.invalid> wrote in news:v29age$2kfn2$1@xxxxxxxxxxxxx:

> On 5/17/24 19:18, Ed P wrote:
>> On 5/17/2024 9:58 PM, T wrote:
>>> On 5/17/24 17:59, Ed P wrote:
>>>>> Never could get my mind around the concept fo "corporate greed."
>>>>>
>>>>> You start a company, the idea is to make money, if you do well and
>>>>> make a lot, all of a sudden you;re "greedy?"
>>>>>
>>>>> Got any stocks or mutual funds in your IRA of 401k? Do you hope
>>>>> they do well and increase the balance in your account-- or do you
>>>>> hope they're not "greedy?"
>>>>>
>>>>> Corporate greed is a foolish naive liberal mantra ð???
>>>>>
>>>>
>>>> Sure, they should make a profit, they cannot exist without it. 
>>>> Look at the proportions though.  Many of the earners of
>>>> multi-million dollar wages did not start the business but take a
>>>> lot from it, while the peasants working for them often get paid
>>>> meager wages.  What is a fair ratio?  You can be the genius that
>>>> started a big company, but you need the grunts doing the daily
>>>> chores.  Pay them fairly.
>>>>
>>>> do you pay taxes?  Good, thanks for contributing to society. 
>>>> Many big corporation pay none.
>>>>
>>>> What is the CEO pay ratio in the US?
>>>> CEO versus worker pay U.S. 2022 | Statista
>>>> In 2022, it was estimated that the CEO-to-worker compensation ratio
>>>> was 344.3 in the United States. This indicates that, on average,
>>>> CEOs received more than 344 times the annual average salary of
>>>> production and nonsupervisory workers in the key industry of their
>>>> firm
>>>
>>>
>>> So what.  The market dictates this.  If the CEO's
>>> a producing, it its the company's business what they
>>> reward their employees with.
>>>
>>> What is your solution?  Fascism, where the government
>>> (anointed) takes direct control of industry distribution
>>> of profits?
>>>
>>> ¡Viva la libertad, carajo!
>>>
>>>
>>>
>> Wages and working conditions is how unions got started.  Seems they
>> are making some inroads to new places in the past few years.
>>
>> Don't want your workers unionized?  Treat them fairly and pay a
>> decent wage.
>
> Some unions are good; some unions are bad.  There have been
> times in my professional life I had wished I had the option
> to join one.  As long as Unions are voluntary, I have no
> issue with them.
>
> I might add that the best way to increase conditions and
> wages is a thriving economic that dries up the labor pool,
> forcing employers to complete for employees.  We had than
> under Trump.  Not with His Fraudulency.

No we didn't.  tRump inherited a good economy from Obama, then blew it - unemployment
under tRump was greater than any time in the Great Recession and rose to over 16%

Uemployment under Biden is currently 3.7%