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by kesselvon 1586 days ago
The US had a whole host of laws that made pulling out cash from businesses very expensive, but investing in them very easy.

So you had a strong incentive to increase salaries, hire more workers, invest in more machinery, diversify, etc. simply because getting more cash out of a business wasn't worth it

1 comments

"So you had a strong incentive to increase salaries, hire more workers, invest in more machinery, diversify, etc. simply because getting more cash out of a business wasn't worth it"

Unfortunately they focused on increasing executive salaries and forgot about the rest.