A big “two thumbs up” to Delta Air Lines for their profit-sharing distribution of $1.1 billion to their 80,000 employees. Perhaps other large corporations posting big profits will remember the way capitalism is supposed to work — all stakeholders are rewarded when times are good, not just owners and investors.
Most corporations have embraced supply-side economics for the past 30 years and given big payouts to the people at the top while allowing employee wages to remain nearly flat. The fact that worker productivity has increased over 300% during that time without appropriate compensation is a slap in the face of the American dream — work hard, play by the rules, move up, get ahead.
When workers get raises and bonuses, it helps the economy by providing income to spend, creating demand for products and growing businesses. Economics 101, right? Big box stores and fast food giants should follow Walmart’s recent minimum wage increase and plow some of their obscene profits into their employees’ wages.
Capitalism is the most successful economic system on the planet when everyone connected shares in the profits generated by their collective productivity. Sometimes American businesses need to be reminded of this.