[Tomte]

> The point is specifically that because they don’t share in the losses[1]

Assuming it's true they had their wages reduced in the crisis, it's absolutely disingenious to claim that a return to higher wages post-crisis would be undeserved profiteering. They did share in the losses.

[dpark]

Did you stop reading when you got to something you wanted to argue against or did you just pick the wrong comment to reply to? I very clearly called out that I am not making a statement about whether the workers shared in the losses.

[_edo]

By sharing in losses I mean losing money in absolute terms, that's what happens to owners. Owners don't just make less money in bad times, they lose money. Workers may lose money relative to what they think they would make otherwise, but they still make money.

Accepting the risk of losses is why owners have a legitimate claim to the profits. Workers take a guaranteed paycheck which shelters them from losses in bad years and forfeits their claim to profits in good.

[Tomte]

> Workers take a guaranteed paycheck which shelters them from losses in bad years

It's just great when workers accept pay-cuts in bad times, just for people like you claiming that this is just normal, no loss, and certainly no reason to restore their paycheck when good times are returning.