Now it\’s the ignorants over at Class who are peddling the same old fucking nonsense.
This is all part of a long term trend. In the last thirty years the share of the national
income going to wages and salaries fell, while the proportion going to profits
This is not true. You are lying.
The reference is to this earlier TUC paper.
In the last three decades, the proportion of national income going to wage-earners has fallen, while the proportion going to profits has risen.
This is not true. This is lying.
There are four parts to national income. The labour share, profits share, taxes minus subsidies and mixed income.
Within the labour share there are two things: wages and employer paid taxes on employment.
The wages share has been falling as a percentage of the labour share. Because employers\’ national insurance has risen substantially over the decades.
The labour share has been falling as a percentage of GDP, yes. But the profit share has not been rising. It\’s actually smack bang where it was in 1980. The \”mixed income\” share has risen. But this is pretty much irrelevant for the point people are trying to make here. And taxes minus subsidies has risen. This is largely driven by the increase in VAT rates over the decades.
So, wages have fallen as a percentage, the labour share has fallen as a percentage. Is this because the profits share has risen? Given that the profits share hasn\’t risen, no , it\’s not. It\’s because taxes have risen.
So, please, could all you scumbag little cunts please stop lying to the Great British Public?
Thank you, we\’d all be most grateful.