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Interesting to hear that one of the factors in yesterday's stock market drop was wage growth in the US... Tells you everything you need to know about capitalism at its worst...
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Apologies for dredging to disagree with you, but...
Inflation in earnings (of companies) and wage inflation are both normal expected parts of growth under a capitalist system. The latter is paid for out of the former. I.e. payrises of workers are paid for from company profits. If wage inflation gets ahead of earnings inflation then the market expects company profits (and so dividend distributions) to be eaten into, so their shares are of less value to an investor, hence market indices like the Dow fall.
Basically the market correction we just saw is a result of some new wage data causing the rebalancing of that equation. It wasn't the evil lizard overlords worrying that the proletariat were getting above their station.
jimmy_james
I think it's come up time and time again but it would seem companies who offer 0 hour contracts are simply using public money to line their pockets by proxy. By fucking over an employee, sorry, "franchise holder", and forcing them into food-banks or on top up benefits, they are enabling their own profits by forcing people who work for them to claim the extra required just to be able to live from the government or from the kindness of strangers.
These people often can't work 2 jobs due to family, or do work 2 jobs putting their family life down the shitter, and we're supposed to be a 1st world country promoting all the luxuries of capitalism.