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Wealth is created with labour and Amazon depends on it, Amazon and Bezos wont be where they are without the labour of millions of others. The policies of the la
by throw2016 8y ago
Wealth is created with labour and Amazon depends on it, Amazon and Bezos wont be where they are without the labour of millions of others. The policies of the last 30 years have left labour in a weak position compared to capital which has allowed people like Bezos to build wealth for themselves without proper equity to labour. This is not about 'taking' or redistribution but ensuring the proper share for labour in the first place for their part in the process.
Of course if you intention is to privilege capital over labour this is exactly the results intended but for the rest of society wages are static for 40 years and ultimately someone has to pay, either Bezos, Wallmart and others via equitable and fair wages or taxpayers and us via subsidies.
So as a tech worker for instance there is already a huge portion of your income going to asset inflation and supporting the renteers and the financial class, now you also have to subsidize poorly paid workers by billionaires like Bezos, the Walton family and others. You may get low prices but someone has to pay for the labour, housing, education and medicare and since lobbying works so well for the wealthy its you who is going to be stranded with the bill.
Again thanks to globalization, 'convenient' tax havens, lobbying and wealth friendly policies that privilege capital, and sell-out economists businesses and the wealthy can dodge taxes, access cheaper labour globally, put labour against each other and get policies for lower taxes. Labour simply does not have this level of mobility or 'choice' so contrary to conventional narratives there is 'coercion' since working is not a choice, and if there are not enough choices you have to accept whatever is available. If your grand plan is feudalism and a new class of serfs this is exactly how you would go about creating it.