https://twitter.com/Brian_Riedl/status/1391086956583530498 it's actually really fucking funny how many people are callin his bullshit

  • LamontCranston [any]
    ·
    4 years ago

    What is the metric by which it is determined their labor only contributed $8/hr?

    • JoesFrackinJack [he/him]
      ·
      4 years ago

      The one where you get paid to say shit like that. Seriously, fuckin dude thinks wages have actually increased proportionally with productivity over the last 40 years and linked a Larry fuckin' Summers paper lol. And even in that paper they claim wages haven't increased with productivity by blaming "external factors" or whatever it was, he didn't even really read it. But he gets paid to say shit like that from his libertarian think tank. I guess if you just count CEO's wages going up, it's basically the same thing lmfaoo

      • zifnab25 [he/him, any]
        ·
        4 years ago

        The one where you get paid to say shit like that.

        So much of modern economic journalism is justifiably attributed imposter syndrome.

    • invalidusernamelol [he/him]
      ·
      4 years ago

      I love that they have the gall to say shit like this and then have someone do their books for $8 an hour and watch how the $5-10k/day net turns into $2-4k profits after wages and expenses.