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Capital holders have most of the power, due to the unemployment pool. > No, you can become your own employer, for example. Not without capital, and you genera
by orthecreedence 8y ago
Capital holders have most of the power, due to the unemployment pool.
> No, you can become your own employer, for example.
Not without capital, and you generally get capital by already having capital (collateral).
> It depends on the state of the market. Right now, the job market is supposedly very good for programmers (employees).
Good for programmers! But in general, the job market is not as good for most people as it is for programmers.
> Employers are offering to trade their money in exchange for other people doing some task they want done.
Right, this is a "voluntary" transaction entered by both people, but the argument is that there is a power imbalance that influences this transaction and tips the scales toward the employer (in the general sense, I'm sure we can find single examples where this is not the case).
Not only this, but the balance is tipped even further by a system that overwhelmingly encourages debt (yes, voluntary, I know, but socially involuntary), essentially shackling people to needing higher amounts of income (and therefor relying on their employer more).
It's possible to be debt-free and have a high-paying job, but it's exceedingly difficult, and you're essentially limited to a handful of industries.