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If factory workers are getting pennies while other people in the chain make orders of magnitude more per sale, that's a price signal saying you shouldn't take a
by unishark 6y ago
If factory workers are getting pennies while other people in the chain make orders of magnitude more per sale, that's a price signal saying you shouldn't take a factory job becasue other roles are more needed. If you mess with those motivators you'll just end up with a less efficient system as yet more people pile into such jobs when we need them to learn skills and contribute elsewhere.
- TOGoS 6y agoAnd when factory workers try to unionize, and the company spends millions of dollars on anti-union propaganda, that's just price signals, too, I suppose? No. That is the owners of capital wielding their power to keep the workers--the foundation that keeps the whole show running--underpaid, so that the owners can maximize their profits. Capitalism 101. Maybe actually read the book I linked to. 7 billion people in this world don't live in the free market fantasy land that you're describing.
- unishark 6y agoYou're being snarky and rude in response to a completely polite and reasonable post. Are you only happy having discussions in an echo chamber? You can't seriously expect me to read a book on your request.
- 1MachineElf 6y agoAh. So then middle-man doing the 1500% markup is more needed then the ones who are actually producing the goods.
- unishark 6y agoYou're thinking in terms of a steady-state. If a middle-man is able to do such a high markup then it means that yes we need more middle-men, because the increased competition will reduce their ability to have such markups. The need is proven by the high margin itself. If we add more factories and factory workers, on the other hand, end buyers won't gain squat since you're only addressing a tiny component of the cost.