Message from @The Yellow King
Discord ID: 515302049152499742
cuz it sounds good on paper
and western people don't have concern for life anymore, so they have concern for moral goodness
Tim wants to live in a van down by the river.
I want to live in a small home.
But I can't even afford a studio because col is fucked compared to minimum wage
And I live in the jurisdiction of the socialist state of Seattle.
pff
come back when you have 52% tax for anyone earning more than 60k per year
then go and call something socialist
We have the highest minimum wage in the nation and a socialist in the city leadership
I'm in Europe, the democratic party is looking capitalist to me
Lol
I liked bernies idea of max wage for ceos based off the average income of their employees
No
Cause the rampant wealth hording is bad imo
That just leads to LESS employees to keep the average up.
they don't hoard it into a big bunker like Scrooge McDuck though,
Most of that money is invested back into the country
Yet the income they pay their workers has not kept up with inflation
thats cuz the jobs aren't worth more than that
if you want higher wages, get less employees that can do the job
if the company wants the work filled they'll have to up wages in order for people to say "i wanna work there"
no
the value of the JOB has
if i get the choice between hiring you, or someone equally qualified for 50% of the cost
Why would i hire you?
that job lost 50% of its value right there
If on the other hand i don't, and I NEED you for the job, i'll be like "Name your price, just come work for me"
And why is it that those jobs are not worth more? Because there is too much supply of labour.
That is a prime example of why intervention is needed
yes, but not on the company, its intervention on the immigration,
the supply/demand for jobs is shifted that theres too much supply of workers, not enough demand
If you want higher wages, have there be too few people for the jobs, so companies are forced to compete over who they can hire
Work for me! I'll pay you more than that other company!
There will always be more people then jobs unless you curb child birth
child birth has stabilised in the west
and yes there will always be more people than jobs,
But would you rather have 1 among 100, or 1 among 1000 to pick from?
No it is stabilized in the upper classes
The lower classes still have plenty of children
its stabilised to like 1.8 on average in the west
i believe
2.4
Which is still a growing population
Dr.Wol clearly at least has a basic understanding of economics.