I thought low unemployment would be the incentive to give higher wages.
Low unemployment means fewer job applicants and fewer choices.
A business would want to offer higher wages to attract people or even to retain people.
But workers just seem to accept the wages offered to them.
Maybe the mindset of people is that the economy is not as good as these numbers say and they will take what they can get and not ask for more.
Also, the issue is big business vs small businesses.
Big businesses have an economy of scale where they should be able to pay more per worker plus they have more tax loopholes.
I assume they will still be able to press for loopholes if any of this reform goes through.
In any event, more income, by operating profit or lower taxes, should mean the ability to pay more.
But the operating profits are high because they successfully have supressed wages.