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Of course you do. The government has set the absolute price of labour relative to activity. Business then has a relative cost to obtain that labour. In fact th
by neilwilson 5y ago
Of course you do. The government has set the absolute price of labour relative to activity. Business then has a relative cost to obtain that labour.
In fact the market has been levelled. Before workers needed to work to eat whereas business only needed to hire if there was a chance of a profit.
Now both sides have a “no deal I’ll wait” option.
- josephcsible 5y ago> Now both sides have a “no deal I’ll wait” option. No, only the workers do. The companies will go out of business without workers, but the "workers" (should we even call them that if they choose not to work?) will live off of our tax dollars through our safety net programs without jobs.
- DrewRWx 5y agoGood. The invisible hand if the market will cull the companies too weak to provide living wages.
- josephcsible 5y agoWhen you can live off of the money you get for doing nothing, companies have to pay a lot more than a living wage to get you to work for them.
- neilwilson 5y agoDoes the money people are 'living off' not get spent with companies in your world? Doesn't that mean the company owner gets an income, the bankers get an income and the workers in that company get an income. The company owner and bankers only get an income to the extent that there is a productive use of workers above 1-1 - delivering sufficient surplus of real goods and services to feed and house the rest of us. Isn't that what we want? Always remember that money doesn't stop at its first use.