- Aug 4, 2009
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Capitalists have an interest in maintaining a low wage workforce without many optionsOf course capitalists have no interest in a vibrant economy.The money is out there...$7 trillion that could be pumped into the economyOf course all those small businesses that in aggregate employ the most workers, are sitting on mad ca$h, just to stick it to burger flippers. I understand.The demand for work is part of the function that determines the work's value.In theory....that sounds great
In practice.....it isn't working
Why? Because wages are based on demand and not worth.
Why do you object to basing a worker's wages solely upon the value of that worker's work?
Like monopolies, monopsonies are only coercive with the assistance of legislation. Employers really don't have this power you claim.Employers have figured out how to keep their workforce in fear and hungry. By keeping the supply of viable jobs low, employers get to set terms on wages and benefits.
Actually, they do
Americas employers are sitting on $7 trillion in untapped cash reserves. There was a time this capital would be put back into the economy in the form of investment and capital improvements. Now, it just sits offshore while workers fight over the available crumbs
The World s Biggest Companies Have Amassed 7 Trillion In Cash - Business Insider
Why do you object to basing a worker's wages solely upon the value of that worker's work?
It would increase the demand for all levels of employees......but our capitalists don't want that
Why do you object to basing a worker's wages solely upon the value of that worker's work?
Thankfully, they have the Republican Party doing what it can to get it