News for hackers. Stuff that matters.

A comment on Moore's Law for Everything. Parent comment

Re:Moore's Law for Everything by AlexandrB on Tuesday March 16, 2021 @03:42PM (#26481838)
His workers are poorer because his company's enormous valuation comes from the surplus value they produce but do not receive as compensation. You might be poorer if you own a small business those workers would frequent if they had more money.

Edit: You might also be poorer if you tried to compete with Amazon and were crushed like a bug by their anti-competitive practices.

[ Parent | on HN ]
Re:Moore's Law for Everything by imtringued on Tuesday March 16, 2021 @05:14PM (#26483067)
Wrong mode of thinking. The problem is that there aren't enough alternatives. If you want an economy that is fair for workers then you need more jobs per worker so the worker can choose the best offer. That also means you want more employers, including the Jeff Bezos types.
[ Parent | on HN ]
Re:Moore's Law for Everything by eggsmediumrare on Tuesday March 16, 2021 @08:54PM (#26485255)
Would this not apply to industries with lots of competition like restaurants or hotels?
[ Parent | on HN ]
Re:Moore's Law for Everything by colinmhayes on Tuesday March 16, 2021 @04:43PM (#26482674)
Labor theory of value lmao. Amazon workers are richer because they've been given an opportunity they otherwise wouldn't have. If they could have a better job they'd take it.
[ Parent | on HN ]
Re:Moore's Law for Everything by fnord77 on Wednesday March 17, 2021 @11:41AM (#26492730)
trickle down economics!
[ Parent | on HN ]
Re:Moore's Law for Everything by chordalkeyboard on Tuesday March 16, 2021 @05:52PM (#26483582)
How about his workers are richer because they receive a portion of the value they produce, because by combining their labor with Amazon’s capital they can produce vastly more value than without it; and if people didn’t get their share of value from producing and renting out capital they wouldn’t do it and there wouldn’t be any capital to use.
[ Parent | on HN ]