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Labor decides the true value of labor. The fact that the opposite happens means the system is rigged to favor those who exploit labor.
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- Thread starter Raptor
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Labor decides the true value of labor. The fact that the opposite happens means the system is rigged to favor those who exploit labor.
Then that's not a market situation. the buyer always determines value, not the seller. If I'm forcing you to buy a chair at a $1000 with a gun to your head, that's not the real value
And a lot of jobs are paid at true market values below wage floors anyway.
Says who
If labor is like any other good its true fair price is determined by the seller (laborer) and buyer (employer) in a fair and transparent manner (i.e. no wage collusion by employers or govt sanctioned union bullying by workers)
Keeps everyone honest. If what you said was true everyone would demand to be paid millions of dollars for any kind of work.
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Says who
If labor is like any other good its true fair price is determined by the seller (laborer) and buyer (employer) in a fair and transparent manner (i.e. no wage collusion by employers or govt sanctioned union bullying by workers)
Keeps everyone honest. If what you said was true everyone would demand to be paid millions of dollars for any kind of work.
The way it is supposed to work is that labor determines the value of their labor and they compromise with the buyer. Labor has the power. That does not exist in today's world for most of the working class. Its purely a one way street.
The best example of this is the wage fixing scandal in Silicon Valley. Its a one way street.
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The buyer does not always determine the value. That is more hypocritical nonsense and ignorant of how the world operates today.
Brown_Pride
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There are other ways to rob people than by force. Starving to death vs getting taken advantage of rarely merits much debate.Robbery implies force, ain't nobody forcing you to work homey, you're more than welcome to claim a homestead in West Virgina and till the land
Good luck surviving in this world breh
guarantee you right now if NBA players started buying up Coli memberships at $100K a pop you wouldnt be posting for very much longer 
Brown_Pride
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Basically. There's theory and then their's actuality. In theory we should allow the supply demand curve to plop wages at around what 3 bucks? two full time parents with let's say 1 kid are then left with ($3x40 hr/s per week x 52weeks x 2earners) $12,480.00 a year to live off of. Hell let's even allow both parents another part time job with 20 additional hours that'd bring the family income up to $18,720.00 a year.
The traditional model then says as the cost of production goes down so too then would the price of the product...can you think of anything you've seen in the news lately regarding a drop in cost that should garner a significant drop in products? (hint it's gas). Bread still cost the same around here, as does everything else. Guess who's eating all that saved cost, it sure as fuk isn't the consumer. But let's continue down the "lower minimum wages" road. Eventually shyt stops selling because people can't afford it, EVENTUALLY. Eventually prices SHOULD fall, again eventually.
The problem is that during that "eventually" time frame the economy goes to shyt, and the upheaval on our economic system would likely be devastating.
We have a consumer based economy, the more we cut the legs out from under the "consumer" the worse off we are.
Brown_Pride
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Well there's legislation, leveraging your money to effect a change, power, corruption, etc, etc. Turns out we live in a pretty convoluted world where one action upstream can have effects on people way across the world.How can you rob somebody you don't employ and have no control over?
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What's the problem if they did? Wealth is not a zero-sum game
pay them and generate more wealth Want it to be one way for the working class and another way for the wealthy
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What's the quickest way for a capitalist to abandon their ideology and economic theories? Tell them it applies to labor as well. Now the don't know what the fukk to believe.
I am completely confused by this thread