No, I don’t want to abolish capitalism - I just want to make it benefit the workers a hell of a lot more than it is doing now. Productivity in the workforce has skyrocketed yet wages have remained mostly stagnant for the poor and middle class and WAY behind on the cost of living rise.
The reason why workers get fucked to begin with is because corporations have a fiduciary compulsion to maximize profit. They do this, in part, by minimizing how much they invest in labor.
When it comes to a corporation like Wal-Mart, for instance, they ask the question “how much can we pay our workers that will make the job attractive just enough for people to apply but not too much that it’s unnecessary for the sake of store profit? Obviously we aren’t actually concerned whether someone could live off the wage full time.”
The reason why workers get fucked to begin with is because corporations have a fiduciary compulsion to maximize profit. They do this, in part, by minimizing how much they invest in labor.
When it comes to a corporation like Wal-Mart, for instance, they ask the question “how much can we pay our workers that will make the job attractive just enough for people to apply but not too much that it’s unnecessary for the sake of store profit? Obviously we aren’t actually concerned whether someone could live off the wage full time.”