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Capitalism should incentivize efficient allocation of resources. If a job becomes easier or less in-demand, it should see a pay decrease. It's not the capitalis
by bloppe 3y ago
Capitalism should incentivize efficient allocation of resources. If a job becomes easier or less in-demand, it should see a pay decrease. It's not the capitalist's job to pay above-market wages just because "they should". It's the government's job to redistribute wealth to compensate for unhealthy concentration.
- ceejayoz 3y ago> Capitalism should incentivize efficient allocation of resources. Capitalism needs workers who can afford to buy the products, too.
- bloppe 3y agoPerhaps even using the word capitalism has become unhelpful since it's so charged. I think we're basically agreeing with each other. I just think this particular responsibility falls on the government rather than individual employers.