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Except it will do literally no such thing. The working classes exist because of scarcity of labor, not despite it. Adding labor to the pool dilutes the value of
by forgetfreeman 2y ago
Except it will do literally no such thing. The working classes exist because of scarcity of labor, not despite it. Adding labor to the pool dilutes the value of a unit of labor (supply and demand). Only the tiny minority of individuals who own and control capital are positioned to capture any benefits accrued by increased availability of labor.