You seem to assume a relationship between price and quality/skill. You are wrong. Price is always in favor of who is better organised. In terms of negotiation,

You seem to assume a relationship between price and quality/skill. You are wrong. Price is always in favor of who is better organised. In terms of negotiation, it often resembles a mexican standoff. Who wins a mexican standoff? Well, you dont find out by counting bullets. (Which is what you are doing). Workers get exploited by companies if they have less savings on the bank. Companies get exploited by their workers if they have less savings. In the end they often need each other more than they are willing to admit. The whole socialism vs capitalism debate does actually end up in either revolution or an authoritin state. But to consider minimum wage "socialism" or exploiting interns "capitalism" feels like more americans anally inserting their one dimensional culture war into reality. Does this bullshit pass for "intellectual debate"? I sure hope not. So please dont refer to Europe in your arguments. We are neither socialist nor capitalists. Not into the extreme of these arguments. And not on this one dimensional axis. And unemployment may be high in certain parts of Europe. Its high because we let capitalism do its thing. The economy has to reform itself. Certain economic activity has to burn, to make room for progress. But we do actually take care of each other.