> “Shareholder handouts, through both dividends and companies buying back their own shares, have soared £440bn above inflation since 2008. Meanwhile, wages have fallen, growing £510bn less than inflation. The gap has widened since the financial crash. Before the crisis, dividends grew at double the rate of wages.”
So the argument is to divert dividends to wages? The fuck? And with that penetrating analysis the Guardian has become the comic it has always been destined to be.
I’ve made a similar comment several times on several different posts. Yes, other external factors like the war etc. have negatively influenced the economy, however, the biggest drain is the hoarding of wealth by those at the top and until it is regulated it will keep happening.
I don’t think shareholders get juicy dividends. Are you sure they aren’t c level staff?
and those tories that suggest we should put on an extra jumper to fight the cold, will no doubt now suggest, we should have invested more, of what we dont have, in stock shares also. EASY
Silly wagies waging away for their wages. Why don’t they just invest a few paltry millions in a company or two?
The Resolution Foundation [seems to think](https://www.resolutionfoundation.org/publications/dead-end-relationship/) we’ve maintained it better than other countries since the 80s….but then say that the UK is not very different if you look at wages rather than total labour share (which includes NI and pension contributions).
So it doesn’t seem outrageous at all to want the labour share to go up.
That’s not just profits, though. Rents are part of the capital share, too (not sure how they treat imputed rent for owner-occupied housing…I’d guess it’s included, and I think it should be, but I don’t know). We need more housing.
And? Kind of a non statement
Many shares exploded thanks to the big Covid dip. Shares tanked down into nothingness, even if it didn’t make sense (Netflix shares also tanked back then) and so people wise enough to buy in made oodles of cash. Not only did the stocks that make sense quickly return, like Netflix which then exploded more as thousands of people stuck at home watched it, other stocks that had no reason to drop recovered.
So so so many stocks absolutely rocketed and any wise investor would’ve been on that.
Beyond that, it makes perfect logical sense that while the average person is getting poorer, certain stocks in certain companies are not being hit, and increased demand in stuff like say, power generation, means their stocks also increase.
This is just mindless bait posting.
Capitalism uses the free market to extract the maximum shareholder value.
Under paying labor, limiting inventors return, pushing consumer prices to the limit, and lobbying government for lower corporate taxes are SOP.
This impoverishes the workers, rewards shareholders, and executives, and makes inflation grow even when productivity should be lowering overall costs.
BT made 1.4 Billion I. Profit last year. Put prices up to match inflation (9%)
Gave shareholders 761 Million.
Gave CEO 32% payrise (to 3.2 Million)
Gave employees an average of 4% PAY ‘award’ (£1500 each consolidated).
Removed employees ability to buy discounted shares (but didn’t remove this for CEO or upper management).
After 3 years of less than 1% payrise.
Then told staff there was ‘no money’ for any better payrise.
I mean, we are in r/NoShitSherlock territory.
People are **finally** just starting to notice that maybe it’s not the immigrants fault they are struggling whilst their boss gets a hefty bonus.
It might have *something* to do with the Tories maybe.
Austerity and QE was an absolute massive transfer of wealth from the public into private hands, killing hundreds of thousands as a result of their shitty policies. The public still kept re-electing them.
Brexit is the golden calf that keeps giving, Who is going to stop them?
I said it months ago we’re about to witness the biggest transfer of money we’ll ever see. Disgusting and it’s all enabled.
the top 5% have more wealth than the bottom 50% combined.
it’s a staggering avalance of a difference that is depressive.
13 comments
> “Shareholder handouts, through both dividends and companies buying back their own shares, have soared £440bn above inflation since 2008. Meanwhile, wages have fallen, growing £510bn less than inflation. The gap has widened since the financial crash. Before the crisis, dividends grew at double the rate of wages.”
So the argument is to divert dividends to wages? The fuck? And with that penetrating analysis the Guardian has become the comic it has always been destined to be.
I’ve made a similar comment several times on several different posts. Yes, other external factors like the war etc. have negatively influenced the economy, however, the biggest drain is the hoarding of wealth by those at the top and until it is regulated it will keep happening.
I don’t think shareholders get juicy dividends. Are you sure they aren’t c level staff?
and those tories that suggest we should put on an extra jumper to fight the cold, will no doubt now suggest, we should have invested more, of what we dont have, in stock shares also. EASY
Silly wagies waging away for their wages. Why don’t they just invest a few paltry millions in a company or two?
The TUC also talk about the [lower labour share of GDP](https://www.tuc.org.uk/sites/default/files/tucfiles/TheGreatWagesGrab.pdf) from the early 80s onwards, falling from about 59% in the 60s and 70s to more like 54% more recently.
The Resolution Foundation [seems to think](https://www.resolutionfoundation.org/publications/dead-end-relationship/) we’ve maintained it better than other countries since the 80s….but then say that the UK is not very different if you look at wages rather than total labour share (which includes NI and pension contributions).
So it doesn’t seem outrageous at all to want the labour share to go up.
That’s not just profits, though. Rents are part of the capital share, too (not sure how they treat imputed rent for owner-occupied housing…I’d guess it’s included, and I think it should be, but I don’t know). We need more housing.
And? Kind of a non statement
Many shares exploded thanks to the big Covid dip. Shares tanked down into nothingness, even if it didn’t make sense (Netflix shares also tanked back then) and so people wise enough to buy in made oodles of cash. Not only did the stocks that make sense quickly return, like Netflix which then exploded more as thousands of people stuck at home watched it, other stocks that had no reason to drop recovered.
So so so many stocks absolutely rocketed and any wise investor would’ve been on that.
Beyond that, it makes perfect logical sense that while the average person is getting poorer, certain stocks in certain companies are not being hit, and increased demand in stuff like say, power generation, means their stocks also increase.
This is just mindless bait posting.
Capitalism uses the free market to extract the maximum shareholder value.
Under paying labor, limiting inventors return, pushing consumer prices to the limit, and lobbying government for lower corporate taxes are SOP.
This impoverishes the workers, rewards shareholders, and executives, and makes inflation grow even when productivity should be lowering overall costs.
BT made 1.4 Billion I. Profit last year. Put prices up to match inflation (9%)
Gave shareholders 761 Million.
Gave CEO 32% payrise (to 3.2 Million)
Gave employees an average of 4% PAY ‘award’ (£1500 each consolidated).
Removed employees ability to buy discounted shares (but didn’t remove this for CEO or upper management).
After 3 years of less than 1% payrise.
Then told staff there was ‘no money’ for any better payrise.
I mean, we are in r/NoShitSherlock territory.
People are **finally** just starting to notice that maybe it’s not the immigrants fault they are struggling whilst their boss gets a hefty bonus.
It might have *something* to do with the Tories maybe.
Austerity and QE was an absolute massive transfer of wealth from the public into private hands, killing hundreds of thousands as a result of their shitty policies. The public still kept re-electing them.
Brexit is the golden calf that keeps giving, Who is going to stop them?
I said it months ago we’re about to witness the biggest transfer of money we’ll ever see. Disgusting and it’s all enabled.
the top 5% have more wealth than the bottom 50% combined.
it’s a staggering avalance of a difference that is depressive.