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A comment on Wage suppression – not stagnation – is costing workers $10 an hour (2021). Parent comment

Re:Wage suppression – not stagnation – is costing workers $1... by corry on Friday November 03, 2023 @04:11PM (#38134356)
It's a hard truth that capital garners the majority of the additional profits from labor efficiency increases.

I struggle with this. Yes, it seems almost a law of nature that fitness begets more fitness. But surely we can structure society to be above mere nature?

So what's the mechanism to protect against it?

Market forces don't seem to work too well.

Corporate taxes would/should work, if our government weren't also co-opted by capital?

Unions?

UBI?

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Re:Wage suppression – not stagnation – is costing workers $1... by Vicinity9635 on Friday November 03, 2023 @04:25PM (#38134522)
Any nation that doesn't lock the minimum wage to inflation doesn't care about its working class, IMHO.
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Re:Wage suppression – not stagnation – is costing workers $1... by bloppe on Friday November 03, 2023 @04:16PM (#38134417)
Well-designed socialism, possibly including UBI, is the correct answer. Market forces are super useful and important, the government just needs to make sure competition is fair.
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