In a post the other day I sort of fired back against a random, emotionally charged rant that I stumbled into on Facebook.
The main topic there was Disney setting aside money to pay for education for their employees.
And it seems other companies taking care of their people are falling like dominoes. It's hard to go on Facebook without noticing a story on the sidebar about some corporation raising their pay or giving some sort of benefit to their employees:
Starbucks and Home Depot are two that I happened to notice.
Large corporations usually get plenty of unfair benefits handed to them by the government (it's really no secret how it works -- those with the most money lobby and bribe the politicians, who have a legal monopoly to pass whatever rules they want, and so ensues a vicious cycle of consolidating wealth and influence into fewer and fewer hands -- until it bursts).
But it's important to think critically about things. If you don't like Donald Trump, it doesn't mean everything he does is bad. If something helps a corporation, it doesn't mean it necessarily hurts you.
In my other post, asked some good questions. And rather than try to whip it up again, I'll show what I said:
Cliffs: Bad that the world right now is slanted to favor the large multinational corporations. Good that they be as effective as possible at distributing the jobs and products that we need.
It's not random or magic that these companies are giving more to their employees.
It's not a bribe to try to make the tax cuts look good.
They're not even thinking about that. They're making rational decisions based on the variables in play and what seems best for their viability. That's how it works. Businesses don't wake up in the morning and start making decisions based on trying to troll your political feelings.
What happens is when all these companies now have more money to work with, the price of labor effectively goes up.
Just imagine you're in a bubble and there are 20 companies. They all just got a trillion dollars air dropped on them. If you're company C, even if you want to be a scrooge and don't care one bit about your employees, you know that company Q has all this money to work with and can outbid you, and that you have to raise your price if you want anybody to choose you instead.
So since there's no way for everybody to collude to keep the price of labor fixed at what it was before, it has to rise now that everyone is sitting on more to work with.
There are these people who talk about "companies should pay the workers more!!"
And then when this policy comes up -- when you put up the nuts and bolts that make it so workers are paid more -- they're against it!
Should I cry myself to sleep laughing about this?
I suppose the big wrinkle is that you have to let it happen on its own (you have to let it emerge naturally out of the incentive structure that's in play) rather than try to force and micro-manage other peoples' decisions, which is probably all they actually wanted in the first place.