quote:
For the first time in US history, labor has the upper hand. Either labor will get hungry or employers will break. Neither has happened yet, but it’s going to be very interesting to see who blinks first.

Explain further. What would employers breaking look like?

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Posted by Dawgfanman

Member since Jun 2015

22789 posts

Posted on 5/14/22 at 10:34 pm to Nguyener

quote:
Explain further. What would employers breaking look like?

Employers are purchasing a product when they hire labor. Ostensibly they do so because it will help increase profit to such a point that it justifies the cost of their purchase. You mentioned you haven’t been able to find employees for over a year, is that costing you money or are you leaving money in the table you could make of you had employees? If so, then eventually you will up the wages enough to attract employees or you won’t and someone will. It’s no different than any other product. Supply/demand

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Posted by LSUFanHouston

NOLA

Member since Jul 2009

37291 posts

Posted on 5/16/22 at 11:31 am to Nguyener

quote:
What would employers breaking look like?

Earnings are up all over the major public traded corporations.

They have money to throw at employees if they chose to do so.

But that would hurt their earnings a bit in the short term, which is no way for execs to max out their stock incentives.

Take the restaurant industry. If everyone said F this I'm going to just eat at home, and restaurant earnings started dropping, the execs would do what needs to be done to get people back into the restaurants, which means improving the experience. And if they need to pay higher wages to do so, they would.

But as long as companies continue to make tons of money, don't expect that.

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