atrasicarius
DP Veteran
- Joined
- Jun 1, 2011
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- 2,227
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- Political Leaning
- Socialist
spare me the psychobabble. The market sets wages. If someone has skills that only bring 7 dollars an hour
1) whose fault is that
2) why would an employer pay him 20 an hour when other employers can get equally skilled labor for less than half than that
3) "obscenely wealthy" people (wtf does that mean) aren't that way due to market rates of wages. Those people you think are too rich mainly are that rich because they start a business that takes off. The guys who started Google are not obscenely rich due to them underpaying workers. Same with Bill Gates. Your either or argument has no merit whatsoever
Imagine a society with 200 people living in it, that only requires 100 people to work full time to provide all the necessities. Under the current price and wages model, people need to work full time to survive, which means that half the people aren't guaranteed jobs, and likely have jobs that are essentially make work. Instead, all 200 can work half time, and the prices and wages model can be adjusted so that they can all afford the necessities. Or alternatively, those that want some kind of specialist job can get one, and those that don't can do the remaining amount of necessary labor and have more free time than they would otherwise.