- Thread starter
- #61
What does the number of workers on minimum wage have to do with his post? Kimura merely asserted that, in a competitive economy with a manifestly powerful capitalist class, the supply-side will dictate public affairs. Not that most people were paid minimum wage, or that the state should be the determinant of all wages.
"...a manifestly powerful capitalist class,..."
The imaginary bête noire created to persuade the unintelligent.
Raise your paw.
Is that to say you reject the existence of basic social roles? There's a lot I disagree with when it comes to the Marxists, but Capital's explanation of wages and property was among the best.
From what country are you posting?
Here, in the United States we believe in seeded rolls......not social roles.
See if you can learn about us from this, so that you avoid embarrassment in the future:
"Its a common misperception that earnings or wealth quintiles are static, closed, private clubs with very little turnover, so that once a household finds itself in an earnings quintile or living below the poverty line in a given year, its doomed to stay there for life.
But the empirical evidence tells a much different story of dynamic change and turnover in the U.S. economypeople and households move up and down the earnings and wealth quintiles throughout their careers and lives.
Many of todays poor are tomorrows rich, and many of todays rich are tomorrows middle class, reflecting the significant upward and downward mobility in the U.S. economy."
OneLife: Income Mobility in the Dynamic U.S. Economy
Do come visit the free world in the future.