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Re:If pay had kept pace with productivity gains, minimum wag... by adrianmonk on Friday October 09, 2020 @02:54PM (#24733143)
The surplus value should definitely not go 100% to the owners and 0% to the laborers. Otherwise, as economic output increases, workers' share of the reward can only continually decrease forever.

But the surplus value should definitely not go 100% to the workers and 0% to the owners. Otherwise, there is no reward for creating the surplus value, and productivity gains will not happen, which in general is no way to run a society. Plus productivity helps reduce scarcity, and scarcity disproportionately affects poorer people.

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