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@mmasnick god forbid that reporters should be compensated for what they do. Still shilling for google?
@rbreich reneging is reneging. They negotiated a deal and then wanted to hold up all of America for more. They could have traded for more sick leave in the original deal that generated 24 percent pay increases. And they HAVE sick leave- they just call it personal days
@rbreich need to unpack the figures. Executive pay is an issue but doesn’t affect the core economics of delivering goods and services much. If costs go up, so do prices and workers aren’t any better off. Raising the cost of capital just ends up with less supply and higher prices. No evidence that corporate profits are increasing enough to offset the core - lower stock market reflects higher cost of capital from higher interest rates related to inflation. There is no free lunch
@rbreich how does a windfall profits tax bring down prices at the pump? And should government put the money back at times these companies are losing money? All you are doing is raising the cost of capital because the possibility of profits in the good times is what drives investments the rest of the time