When workers demand higher wages from bosses, they are demanding in effect that they realize a greater share of the value generated by their labor, diminishing the share claimed as profit by owners, who contribute no labor toward generating the value they claim.
Bosses may try to recover some of their losses by raising prices, but as long as workers continue to realize a greater share of the wealth they create for society, they are gaining purchasing power.
When workers demand higher wages from bosses, they are demanding in effect that they realize a greater share of the value generated by their labor, diminishing the share claimed as profit by owners, who contribute no labor toward generating the value they claim.
Bosses may try to recover some of their losses by raising prices, but as long as workers continue to realize a greater share of the wealth they create for society, they are gaining purchasing power.
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