this post was submitted on 14 Aug 2023
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Blackrock threatens workers: stop winning higher wages of we will retaliate with inflation. (www.businessinsider.com)
submitted 2 years ago by Nagarjuna@hexbear.net to c/politics@hexbear.net
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[–] zifnab25@hexbear.net 0 points 2 years ago (1 children)

  • Blackrock threatens higher inflation

  • Inflation drives demand for higher wages

  • Workers exploit inefficiencies in the wage market through job-switching and collective bargaining to obtain higher wages

  • Wages go up

  • Profits tighten

  • Blackrock threatens higher inflation

Circle of life, baby.

[–] ClimateChangeAnxiety@hexbear.net 1 points 2 years ago

Wow, it’s almost like the rate of profit has a tendency to fall or something