Employees used to be considered company assets, even if their salaries were an expense against profit because of their contribution to the profit. At some point, companies and their shareholders began seeing employees as not only liabilities on the balance sheet, but actual liabilities. It might have contributes to the divergence betwe…
Employees used to be considered company assets, even if their salaries were an expense against profit because of their contribution to the profit. At some point, companies and their shareholders began seeing employees as not only liabilities on the balance sheet, but actual liabilities. It might have contributes to the divergence between production and wages that started in the 1970s. https://economics.stackexchange.com/questions/15558/productivity-vs-real-earnings-in-the-us-what-happened-ca-1974
Employees used to be considered company assets, even if their salaries were an expense against profit because of their contribution to the profit. At some point, companies and their shareholders began seeing employees as not only liabilities on the balance sheet, but actual liabilities. It might have contributes to the divergence between production and wages that started in the 1970s. https://economics.stackexchange.com/questions/15558/productivity-vs-real-earnings-in-the-us-what-happened-ca-1974