Salaries aren’t profit. Salaries are money paid for labour. Profit is what comes after all the bills are paid. For some profit, lots of unpaid labour happens in the background, like setting up a small business. For others, like big oil, profit is the money the capital class gets for doing nothing, and is taxed at a lower rate than wages.
Yes, but that was already clear from the word profit. I assumed you didn’t know what profit was precisely.
Maybe I’m mistaken. What’s your point? That there are more people benefitting from the oil industry? If so, that probably means the richest 1% are taking more than the bottom 75% (of those that benefit in any way). Yet, we all suffer the consequences of the pollution.
Just that the graph is leaving out salaried workers, whom I would classify as major beneficiaries of the oil industry, however that may or may not affect the statistics or any drawn conclusions.
Salaries aren’t profit. Salaries are money paid for labour. Profit is what comes after all the bills are paid. For some profit, lots of unpaid labour happens in the background, like setting up a small business. For others, like big oil, profit is the money the capital class gets for doing nothing, and is taxed at a lower rate than wages.
Yes that’s what I was saying, that the money handed out to workers is not part of this chart.
Yes, but that was already clear from the word profit. I assumed you didn’t know what profit was precisely.
Maybe I’m mistaken. What’s your point? That there are more people benefitting from the oil industry? If so, that probably means the richest 1% are taking more than the bottom 75% (of those that benefit in any way). Yet, we all suffer the consequences of the pollution.
Just that the graph is leaving out salaried workers, whom I would classify as major beneficiaries of the oil industry, however that may or may not affect the statistics or any drawn conclusions.