Re:HP to cut 25-30k jobs
by dragonwriter on Wednesday September 16, 2015 @12:55PM
(#10228018)
> Capitalism is built on the idea of everyone 'working' and 'having a job'
Capitalism is structured so that everyone without substantial capital holdings needs a job. OTOH, its not built on everyone working and having a job, in fact, the desperation that comes with people not having jobs and people currently working being at risk of not having jobs -- and the effect that has on the wages and conditions those employed are willing to accept -- is important to capitalism (though its one of the effects modern mixed economies have attempted to mitigate in moving away from pure capitalism.)
Capitalism is structured so that everyone without substantial capital holdings needs a job. OTOH, its not built on everyone working and having a job, in fact, the desperation that comes with people not having jobs and people currently working being at risk of not having jobs -- and the effect that has on the wages and conditions those employed are willing to accept -- is important to capitalism (though its one of the effects modern mixed economies have attempted to mitigate in moving away from pure capitalism.)