Carers Of Dundee ad on TV

[frankiekopel]

I think you have misinterpreted your own figures. dividends have increased by 5 times the rate that wages have increased. I thnik that implies that employers have been sharing the wealth that their companies have generated with their shareholders.

I don't know the answer but I think total wages paid will be a much bigger figure than total dividends paid. Would like to confirm that thought but can't find any reliable info.

The company I hold shares in made £24783.12 profit per employee

[BCram]

The company I hold shares in made £24783.12 profit per employee

Thanks for the information. I think that Karl Marx would argue that this £24783.12 of retained profit was the undistributed value of each employee's labour. I don't think that companies should be expected to distribute all their income, by way of wages, to those who work for that company. There needs to be some element of retained profits to replace machinery, build new facilities and invest in research and development.

I agree that it is unfair to have workers requiring in work benefits to make their lives economically bearable. I think the answer is to increase rates of pay but if prices are to be pegged and inflation is to be avoided and a lower level of profits seems to be the only answer. Lower profits will inevitably mean less investment in the business.

The National Board for Prices and Incomes was created by the government of Harold Wilson in 1965 in an attempt to solve the problem of inflation in the British economy by managing wages and prices. It didn't last very long because it didn't work.

I think that there is much wrong with the way our society is behaving. Those in authority seem to see themselves as being above the rules that apply to those they lead, and this applies to both the public and private sectors. There are companies being sold to foreign owned venture capitalists and even some that have been sold to foreign national governments, I think that this is a long term danger to our country but as long as we have politicians who worry more about their job than the good of the country I am afraid we will just have to put up with it.

[frankiekopel]

Thanks for the information. I think that Karl Marx would argue that this £24783.12 of retained profit was the undistributed value of each employee's labour. I don't think that companies should be expected to distribute all their income, by way of wages, to those who work for that company. There needs to be some element of retained profits to replace machinery, build new facilities and invest in research and development.

I agree that it is unfair to have workers requiring in work benefits to make their lives economically bearable. I think the answer is to increase rates of pay but if prices are to be pegged and inflation is to be avoided and a lower level of profits seems to be the only answer. Lower profits will inevitably mean less investment in the business.

The National Board for Prices and Incomes was created by the government of Harold Wilson in 1965 in an attempt to solve the problem of inflation in the British economy by managing wages and prices. It didn't last very long because it didn't work.

I think that there is much wrong with the way our society is behaving. Those in authority seem to see themselves as being above the rules that apply to those they lead, and this applies to both the public and private sectors. There are companies being sold to foreign owned venture capitalists and even some that have been sold to foreign national governments, I think that this is a long term danger to our country but as long as we have politicians who worry more about their job than the good of the country I am afraid we will just have to put up with it.

In agreement re foreign ownership, most of the profits going out of the country, so tax not being paid to our government, plus companies like Google, amazon and Facebook taking their huge profits out the country