Fiat definitely is a huge problem. But fiat does not make executive board decisions on employee benefits and wages…unless the CEO name is Fiat.
Discussion
Got it. Capitalism = bad.
Nobody mentioned capitalism. Why do you blame capitalism?
I don’t.
Oh. So why did you mention capitalism?
A few seconds looking at you note history and made an educated guess.
Educated guess to what? Did I ask you question other than clarification on your “huh” remark?
It’s not complicated, I was curious what you meant by your first reply because what you said bitcoin doesn’t fix would be a somewhat unique opinion. I replied “huh…” because I was curious what perspective you had that made you feel that way. Then I looked at your note history and answered my own question.
Oh, it’s quite simple. I will lay it out for you and also no run from a discussion.
Productivity per worker goes up.
Profits go up.
Number of dollars go up.
Revenue goes up.
Assets go up.
Wages are stagnant.
It’s not JUST a fiat problem. If it was, wages would be going up proportionately to the productivity, revenue, and dollar increases. This is not me asking…it’s more like a math problem unless you can explain wages not going up for me.
So even if you have a scarce asset/commodity that does not automatically increase wages. Again, this is not left field idea…it’s basic math.
But good question and thank you for asking, conversations work better that way.
Personally I think the more basic math would be understanding that your purchasing power is based on an ever inflating denominator, and that causes the problems you are pinning on corporate greed.
Debasing of currency, what problem does that cause which would inhibit corporations from paying proportionate wages compared to growing profits and rising inflation?
I’m not exactly sure what you’re asking.
Big corporation executives comp plans are largely based on stock performance, which is directly influenced by the ebbs and flows of the money printer.
But if you’re asking why those executives don’t refuse that comp plan to ensure the average worker makes more, I’m probably not qualified to provide an answer other than people seem to like making lots of money.
Profits is dictated by revenue minus price. Stock price is dictated mostly by buying and selling (sentiment) and also gambling to beat inflation.
Your last paragraph is correct and asking the right questions.