Re:Why Wages Aren’t Growing
by wruza on Friday September 22, 2017 @10:29AM
(#15312479)
I'm probably not adding much to discussion after many commenters, but this one rings for me as non capital-oriented citizen:
>The common theme is that the fear of no jobs is not FUD nor a theoretical threat. Workers know it actually happens.
Iow, not the one who negotiates wins, but the one who has time on their hands. If workforce "feels" too expensive, average capital can just sit on deposit and wait for new ideas. If worker's salary feels too low, she cannot just sit and wait or requalify for new job quickly. This asymmetry pushes workers down on their wages without a chance to negotiate, because there is nobody to blame. Investments are diversifiable, professions aren't.
While capitalism shown world-wide success, it forces everyone to follow only one life style, otherwise you're wasted. Personally, I'm pretty fine with how I live due to the path chosen from the start and personal interests, but I don't like what all this does to "regular" profession workers. People are almost punished for what they liked to do, or simply for the fact they aren't interested in business, aka someone else's sky-high profit wars.
Otoh, while theoretical basic income program could buy time for workers, it would also demotivate capital builders more. It seems like pretty thin balance there, if it exists at all.
>The common theme is that the fear of no jobs is not FUD nor a theoretical threat. Workers know it actually happens.
Iow, not the one who negotiates wins, but the one who has time on their hands. If workforce "feels" too expensive, average capital can just sit on deposit and wait for new ideas. If worker's salary feels too low, she cannot just sit and wait or requalify for new job quickly. This asymmetry pushes workers down on their wages without a chance to negotiate, because there is nobody to blame. Investments are diversifiable, professions aren't.
While capitalism shown world-wide success, it forces everyone to follow only one life style, otherwise you're wasted. Personally, I'm pretty fine with how I live due to the path chosen from the start and personal interests, but I don't like what all this does to "regular" profession workers. People are almost punished for what they liked to do, or simply for the fact they aren't interested in business, aka someone else's sky-high profit wars.
Otoh, while theoretical basic income program could buy time for workers, it would also demotivate capital builders more. It seems like pretty thin balance there, if it exists at all.