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by catboybotnet
1029 days ago
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Provably false. You don't even have to look far -- there is no "labour shortage," what there is a shortage of is "desperate people and suckers." That has not led to higher wages, only enough for people to bite. If there was balance, then you'd be getting paid your labour's worth, which would never happen as that's where all the money lies. You might have a good product, but if nobody assembles it? If nobody makes the parts? If nobody makes or maintains the machines that assemble the parts? Nothing, and therefore, no value. |
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* wages grow in proportion to productivity, showing gains in production accrue to workers
* wages grew at records when the US had a totally free market in labor, between 1870 and 1900
* wages are more than 20X greater today than in 1823, after adjusting for inflation, showing the long-term impact of natural market processes
>If there was balance, then you'd be getting paid your labour's worth, which would never happen as that's where all the money lies.
These are economically illiterate conspiracy theories. You should study Economics, not Marxism.