Capitalism itself is the scam, ownership is fake justification for exploitation and suggests a false level of meritocracy. Capitalists aren’t Capitalists because they are smarter or more competent, but because they have money, and can grow that money in the M-C-M’ circuit.
Minimum wage is an absolute necessity because Capitalists would abuse their power to pay as little as possible otherwise. The only places a minimum wage are proven to be unnecessary is in extremely unionized countries where Unions have all of the bargaining power they need.
Minimum wage is an absolute necessity because Capitalists would abuse their power to pay as little as possible otherwise.
This is wrong for several reasons:
1: even a worker-owned co-op would seek to limit new hires, because the pool of revenue is only so big. This is no different from wanting to pay someone as little as possible, ethically.
2: if minimum wage was an absolute necessity and markets didn’t drive wages, vastly more people would be paid at minimum wage.
Capitalism itself is the scam, ownership is fake justification for exploitation and suggests a false level of meritocracy. Capitalists aren’t Capitalists because they are smarter or more competent, but because they have money, and can grow that money in the M-C-M’ circuit.
Minimum wage is an absolute necessity because Capitalists would abuse their power to pay as little as possible otherwise. The only places a minimum wage are proven to be unnecessary is in extremely unionized countries where Unions have all of the bargaining power they need.
This is wrong for several reasons:
1: even a worker-owned co-op would seek to limit new hires, because the pool of revenue is only so big. This is no different from wanting to pay someone as little as possible, ethically.
2: if minimum wage was an absolute necessity and markets didn’t drive wages, vastly more people would be paid at minimum wage.