3 ms·
I'm not sure what you mean by "gains getting sucked up from where they naturally would have gone". If you have a capitalist economy where: - productive output
by content_sesh 6y ago
I'm not sure what you mean by "gains getting sucked up from where they naturally would have gone". If you have a capitalist economy where:
- productive output increases
- wages remain the same
- the length of the working day remains the same
then you have gains accruing to the capitalists and not the workers. (In the case where wages also increase but at a lower rate than productive output, gains are accruing to both capital and labor but disproportionately so to capital)