#greedflation — Public Fediverse posts

[edited for typos, etc.]

The answer to #CostOfLivingCrisis is, and always was, #HigherWages. #Corporation and #businesses will **always** equate *Productivity Increase* with workers working harder and will tie this to any wage increases. Because that is what #Grifters **Do**. They treat wage earners as *Commodities* and a *Cost* to doing business because **they can**. And workers have now heard that *narrative* so many times over the generations that they believe that **crap**.

Sourced from The Point Live
4 hours ago 11.08 AEST

Ross Gittins gives Greg Jericho a shout out
Posted by Matt Grudnoff - Senior Economist

Ross Gittins’ article in the SMH today thanks Greg Jericho for blowing the whistle on the real cause of the cost-of-living crisis, wages.

Greg has been pointing out that while prices and profits have been going up, wages have not been keeping up. The amount of stuff that workers can buy is going backwards.

Ross wrote:

So I’m indebted to the Australia Institute’s Greg Jericho for being the country’s first economist to blow the whistle. He’s actually looked up the numbers and seen that, though businesses kept increasing their prices in the first two years following the COVID pandemic – March 2021 to March 2023 – the workers weren’t game to ask for a pay rise.

Ross also points out that when bosses say give us an improvement in productivity and we’ll give you a pay rise, they have it backwards. Higher wages now will encourage businesses to improve the productivity of there now more expensive workers.

The solution to the cost-of-living crisis is higher wages.”

#AusPo, #NeoLiberalEconomics #TrickleDownEconomics #AbuseOfWorkers #ClassWar #TaxTheRich #WageIncreasesNow #GregJeriocho #GreedFlation #noMoreBillionaires #JoinYourUnion #InUnity #TradeUnionsStrength

[edited for typos, etc.]

The answer to #CostOfLivingCrisis is, and always was, #HigherWages. #Corporation and #businesses will **always** equate *Productivity Increase* with workers working harder and will tie this to any wage increases. Because that is what #Grifters **Do**. They treat wage earners as *Commodities* and a *Cost* to doing business because **they can**. And workers have now heard that *narrative* so many times over the generations that they believe that **crap**.

Sourced from The Point Live
4 hours ago 11.08 AEST

Ross Gittins gives Greg Jericho a shout out
Posted by Matt Grudnoff - Senior Economist

Ross Gittins’ article in the SMH today thanks Greg Jericho for blowing the whistle on the real cause of the cost-of-living crisis, wages.

Greg has been pointing out that while prices and profits have been going up, wages have not been keeping up. The amount of stuff that workers can buy is going backwards.

Ross wrote:

So I’m indebted to the Australia Institute’s Greg Jericho for being the country’s first economist to blow the whistle. He’s actually looked up the numbers and seen that, though businesses kept increasing their prices in the first two years following the COVID pandemic – March 2021 to March 2023 – the workers weren’t game to ask for a pay rise.

Ross also points out that when bosses say give us an improvement in productivity and we’ll give you a pay rise, they have it backwards. Higher wages now will encourage businesses to improve the productivity of there now more expensive workers.

The solution to the cost-of-living crisis is higher wages.”

#AusPo, #NeoLiberalEconomics #TrickleDownEconomics #AbuseOfWorkers #ClassWar #TaxTheRich #WageIncreasesNow #GregJeriocho #GreedFlation #noMoreBillionaires #JoinYourUnion #InUnity #TradeUnionsStrength

[edited for typos, etc.]

The answer to #CostOfLivingCrisis is, and always was, #HigherWages. #Corporation and #businesses will **always** equate *Productivity Increase* with workers working harder and will tie this to any wage increases. Because that is what #Grifters **Do**. They treat wage earners as *Commodities* and a *Cost* to doing business because **they can**. And workers have now heard that *narrative* so many times over the generations that they believe that **crap**.

Sourced from The Point Live
4 hours ago 11.08 AEST

Ross Gittins gives Greg Jericho a shout out
Posted by Matt Grudnoff - Senior Economist

Ross Gittins’ article in the SMH today thanks Greg Jericho for blowing the whistle on the real cause of the cost-of-living crisis, wages.

Greg has been pointing out that while prices and profits have been going up, wages have not been keeping up. The amount of stuff that workers can buy is going backwards.

Ross wrote:

So I’m indebted to the Australia Institute’s Greg Jericho for being the country’s first economist to blow the whistle. He’s actually looked up the numbers and seen that, though businesses kept increasing their prices in the first two years following the COVID pandemic – March 2021 to March 2023 – the workers weren’t game to ask for a pay rise.

Ross also points out that when bosses say give us an improvement in productivity and we’ll give you a pay rise, they have it backwards. Higher wages now will encourage businesses to improve the productivity of there now more expensive workers.

The solution to the cost-of-living crisis is higher wages.”

#AusPo, #NeoLiberalEconomics #TrickleDownEconomics #AbuseOfWorkers #ClassWar #TaxTheRich #WageIncreasesNow #GregJeriocho #GreedFlation #noMoreBillionaires #JoinYourUnion #InUnity #TradeUnionsStrength

[edited for typos, etc.]

The answer to #CostOfLivingCrisis is, and always was, #HigherWages. #Corporation and #businesses will **always** equate *Productivity Increase* with workers working harder and will tie this to any wage increases. Because that is what #Grifters **Do**. They treat wage earners as *Commodities* and a *Cost* to doing business because **they can**. And workers have now heard that *narrative* so many times over the generations that they believe that **crap**.

Sourced from The Point Live
4 hours ago 11.08 AEST

Ross Gittins gives Greg Jericho a shout out
Posted by Matt Grudnoff - Senior Economist

Ross Gittins’ article in the SMH today thanks Greg Jericho for blowing the whistle on the real cause of the cost-of-living crisis, wages.

Greg has been pointing out that while prices and profits have been going up, wages have not been keeping up. The amount of stuff that workers can buy is going backwards.

Ross wrote:

So I’m indebted to the Australia Institute’s Greg Jericho for being the country’s first economist to blow the whistle. He’s actually looked up the numbers and seen that, though businesses kept increasing their prices in the first two years following the COVID pandemic – March 2021 to March 2023 – the workers weren’t game to ask for a pay rise.

Ross also points out that when bosses say give us an improvement in productivity and we’ll give you a pay rise, they have it backwards. Higher wages now will encourage businesses to improve the productivity of there now more expensive workers.

The solution to the cost-of-living crisis is higher wages.”

#AusPo, #NeoLiberalEconomics #TrickleDownEconomics #AbuseOfWorkers #ClassWar #TaxTheRich #WageIncreasesNow #GregJeriocho #GreedFlation #noMoreBillionaires #JoinYourUnion #InUnity #TradeUnionsStrength

[edited for typos, etc.]

The answer to #CostOfLivingCrisis is, and always was, #HigherWages. #Corporation and #businesses will **always** equate *Productivity Increase* with workers working harder and will tie this to any wage increases. Because that is what #Grifters **Do**. They treat wage earners as *Commodities* and a *Cost* to doing business because **they can**. And workers have now heard that *narrative* so many times over the generations that they believe that **crap**.

Sourced from The Point Live
4 hours ago 11.08 AEST

Ross Gittins gives Greg Jericho a shout out
Posted by Matt Grudnoff - Senior Economist

Ross Gittins’ article in the SMH today thanks Greg Jericho for blowing the whistle on the real cause of the cost-of-living crisis, wages.

Greg has been pointing out that while prices and profits have been going up, wages have not been keeping up. The amount of stuff that workers can buy is going backwards.

Ross wrote:

So I’m indebted to the Australia Institute’s Greg Jericho for being the country’s first economist to blow the whistle. He’s actually looked up the numbers and seen that, though businesses kept increasing their prices in the first two years following the COVID pandemic – March 2021 to March 2023 – the workers weren’t game to ask for a pay rise.

Ross also points out that when bosses say give us an improvement in productivity and we’ll give you a pay rise, they have it backwards. Higher wages now will encourage businesses to improve the productivity of there now more expensive workers.

The solution to the cost-of-living crisis is higher wages.”

#AusPo, #NeoLiberalEconomics #TrickleDownEconomics #AbuseOfWorkers #ClassWar #TaxTheRich #WageIncreasesNow #GregJeriocho #GreedFlation #noMoreBillionaires #JoinYourUnion #InUnity #TradeUnionsStrength