The McIlroy effect
Expect workers to demand their share of the pie as the pendulum swings back towards wages and employment, away from profits and capital.
Yesterday a friend of mine was supposed to fly to New York using two cheap business class tickets which his brother, a pilot on one of the big international airlines, can get as a perk for family. Up until Thursday there were lots of seats left on the route and there wasn’t a problem.
However, on Friday the posh end of the plane filled up rapidly. He was told it was the “McIlroy” ...
