As long as more of the gross profit goes to workers, that's a step in the right direction.
Though I would say the linear solution is paying everyone $6k more, which is much better!
That's now how the lesser paid workers will see it, unfortunately.
>Though I would say the linear solution is paying everyone $6k more, which is much better!
That would be flat (Y = 6000 vs Y = 1.X%). Perhaps better, but I'm not sure if that's been done outside of stimulus checks.
I think what the person up chain was alluding to was to increase minimum wage or similar initiatives. Doesn't help the higher end of the working class but helps out the lower end immensely, and indirectly helps out the middle as well.
- automation, ie order at a kiosk at McDonald's - not hiring for the job because it is not profitable to do.
This is what happens to low skill workers when we make low skill jobs too expensive.
I don't think corporate has ever said "we have too many people who want to work". There will be more jobs out there that can't be automated, at least until we hit Terminator levels of sentience. But by then our robot overlords will solve capitalism for us.