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by missedthecue 1836 days ago
"A company's money comes purely from extracting value from its workers"

This is really hard to believe because it's pretty observable that labor isn't the only input to production. If that was truly the case, why would anyone work for a company? Why not go work for yourself and skip the middle man?

The truth is because production not only needs labor, but it needs capital, land, and entrepreneurship as well. Labor is only one component, and a decreasing one relative to years gone by. (For instance, the US auto manufacturers make more cars now then ever with fewer employees tham ever)