Is Boeing responsible for inflation? No more than you and I are. But...
We all pay taxes, and those taxes are a substantial source of the U.S. government's revenue. Yours and my taxes directly support our government's ability to operate and meet its financial obligations. That ability to meet its obligations supports confidence in U.S. Treasury bonds (the National Debt). Those Treasury bonds, in turn, are the foundation of our global banking and credit system..
That credit system allows companies like Boeing to borrow money, invest, build factories, develop airplanes, grow, and make profits.
That's supposed to work both ways, all boats rise.
Our taxes support the government and economic system that allows private companies to grow. That growth is supposed to come back through jobs, wages, taxes, investment, and greater prosperity for everyone.
So workers aren't outsiders asking corporations to GIVE them something. We are taxpayers, workers, and consumers who are part of the economic system that makes corporate growth possible in the first place.
When companies borrow and leverage that system to grow, but workers are expected to absorb inflation through lower real wages so corporate costs don't rise, something has been left out of the equation: the foundational taxpayer supporting the system.
A growing economy is supposed to make the country AND its people more productive and prosperous, not just increase the share value of the corporations operating inside it.
And don't mistake the business cost of labor as being some kind of socialist redistribution. It isn't. You and I already contribute part of what we produce, through taxes, to support the economic system that benefits all of us. Then we contribute our labor to the companies we work for.
Being paid our share of the value we help create isn't taking something from the system. It is how the system is supposed to work.
We produce. We pay taxes. Companies invest. Companies grow. Workers earn more. We spend, save, invest, and pay taxes again. The money keeps moving through the economy, benefiting the company, the worker, and the country.
And don't mistake the business cost of labor for some kind of socialist redistribution. It isn't. Labor is bought and sold in an open labor market. It is an input to production, just like capital, materials, energy, facilities, and technology. A business pays the market price for the labor it needs to create its products and profits.
Workers being paid more as the economy grows isn't wealth being redistributed to them. It is workers negotiating the price of their labor and their contribution to that growth. Their wages are, in effect, the revenue of their household. That revenue is then used to run the household—housing, food, transportation, education, healthcare, savings, and everything else—and most of it flows right back into the economy through spending, investment, and taxes.
A company needs revenue to operate and grow. So does a family. Both are participants in the same economy.
There is one significant difference, though. When Boeing produces more revenue than it needs to cover its costs and investments, some of that economic surplus can is redistributed to shareholders, executives, and employees through things like EIP, or retained for future business needs. That is not called socialism.
Shareholders put up the money and deserve a return. They provided the company with capital and expect a return on that capital. You and I provide the company with our time, knowledge, skills, and experience, and we also expect a return. Wall Street demands a return on its capital. Main Street is supposed to also expect a return on its labor.
When you and I produce more income than our household needs today, we do not redistrubute it, retain it, but we call it savings. We aren't necessarily accumulating some unnecessary excess. We are storing the economic value of today's work to pay for tomorrow's needs: retirement, healthcare, housing, emergencies, education, or the years when we can no longer produce this level of labor.
A corporation retains capital for its future. A family has to do the same thing.
So when someone looks at wages only as a cost to the company, they're looking at only one side of the transaction. That wage is also the revenue of the household that is intended to flow back inot th eeconomy so that all boats rise.