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Bit of a sloppy analysis... The $40 that the worker is "shorted" doesn't disappear into some magic portal that leads to another dimension where rich people secr
by silentmars 14y ago
Bit of a sloppy analysis... The $40 that the worker is "shorted" doesn't disappear into some magic portal that leads to another dimension where rich people secret it away from the economy. It goes to the workers at the bank, or to other businesses that get capital to pay their workers, or perhaps the owners of the company so they an buy a few commodities themselves.
- quanticle 14y agoIn theory, yes. In practice? Well, so far it's tended to accumulate in the coffers of banks and corporations, to moulder and rot.