Quote:
Originally Posted by ResAlien
Again if the economic model is that exploiting labour enables your business to thrive it is a bad model. The answer is not to keep the same exploitative model in place because it might hurt the exploiters. This is hard to grasp huh?
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You just wrote down the definition of capitalism.
The whole point is to charge for labour more than the labour costs to create surplus value. It’s entirely about exploration of labour to provide return on your capital. It’s not like a “living wage” isn’t exploitive when an owner could be making over 1000 times that amount.
For example a person making a $15 an hour minimum wage isn’t paying taxes at a sufficient rate to cover the cost of the services spent on them so it’s not really a living wage. It’s just closer to one that 5 or 10.