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I think that OP just means that capitalism, as a system, has absolutely no incentive to increase wages as productivity increases, it's a race for profits so ext
by piva00 5y ago
I think that OP just means that capitalism, as a system, has absolutely no incentive to increase wages as productivity increases, it's a race for profits so extracting maximum profit is the metric. It's this reliance on a single metric that, for me personally, is a major failure of the current economic system to provide not only wealth and innovation but also good standards of living for people.
I'm a bit of a humanist and quite leftist in my views though, not a communist by any means but I will always try to look into economic systems with this more humane optic.