25 Jul 2024 9:08 pm
As long as you know who owns the government everything. Just stay in line. The alternative is not pretty.*Vegas » 25 Jul 2024, 7:25 pm » wrote: ↑ Hopefully someone else can get the crayons out for @Blackvegetable . There is no way he will have the intellectual capacity to understand this. It's also longer than 5 words, so we know he isn't going to read it anyway.
I hear a lot from the die hard Republicans and conservatives that in capitalism, we have choice. It provides a mutually beneficial contract between the employer and employee. Incorrect. It is inherently built to only benefit the employer while the employee gets ripped off. Here is why:
To keep it simple, let's just use an easy number. Let's say an employer buys something for $1.00 and he wants to turn it around and sell it for a profit. He obviously isn't going to sell it for less than a dollar, nor is he going to sell it for exactly a dollar. He must sell it for more than what he paid. This is no different with labor. If an employer pays an employee $15 an hour in exchange for the employee's time and labor, then for that employer, the employee must in return produce an output that is worth more than $15/hr. Maybe the employer wants $20/hr worth of output. If an employee doesn't not produce a value worth more than what they are paid, then the employer is cutting a loss.
Therefore, in a capitalist society, there is no such thing as paying someone what they are worth. The system is inherently built to pay the employee less than what they are worth, as to not risk breaking even or losing money.