Message from @BeatleJuice
Discord ID: 521074340306092032
Singapore has no minimum wage I believe
even low-paid workers in capitalist countries on minimum wage or even below that would still be wealtheir than most of the world's population
and tbh, not very many minorities put in.. yet they receive
if companies were paying too little nobody would accept and other companies would pay more to attract workers
thats what henry ford did
Either way you are being exploited if you are a worker no matter how high your wages may be
No you're not
you're being paid
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ a third world equilibrium, capitalists would seek to keep it as low as possible and states would be forces to lower wages to get the jobs, competing with each other in a race to the bottom. Exactly what I said at the beginning.
for your labour
easy
nah not really, this whole explotiation or workers thing doesnt really make sense
@t r u e nah
You never get the full product of your labor
they would reach a wage the market equilibrium would have
@DaddyCewlSterTube its determined by supply and demand, it cant be a race to the bottom, there is an equilibrium
yeah you do because you get paid
simplo
what are you even working for? continual debt?
The surplus value is extracted and your product is sold for profit
yes
profit is not a problem
ok, what is this marxist crap,
profit is great
it is
The full value is never gained
workers cant be paid the same price as the good that is sold
"global market equilibrium" = /= what is fair or best for the nation
talking economics with socialists is aids
@t r u e yes the market fairs best for everyone
because we have to pay interest, dividends, rents and pay other workers who worked for the same product
there are other factors of production that aren't labour
Capitalism isn't morally acceptable
seems acceptable to me
this is useless, willful idiots
Keeping and reducing the poverty rate is better than having a shit quality of life and starvation
You can never truly keep the full value of your labour under capitalism
we are paying the workers a price they have accepted and a similar price workers for the same job are getting paid, which actually is quite high in western nations
keep?
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ prove USSR had starvation