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Response to Warren DeMontague (Reply #11)

Tue Feb 28, 2012, 11:22 AM

13. Doubling the size of the workforce drove the value of labor down.

 

Labor is a supply/demand thing. For all practical purposes, there's a limitless supply of labor now - conditioned to work as many hours as possible to the detriment of everything else.

It's in capital's interest to maximize the size of the workforce and to regulate the economy to keep 15% unemployed. Maybe not "conspiracy" as you mean it, but definitely intentional.

So to answer your question; No. We can't have decent pay so long as labor is in such huge oversupply. Working harder only depresses its value further.

People should spend less time on the job and more time at home, and it should be government policy to make it happen.

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Arrow 14 replies Author Time Post
Bonobo Feb 2012 OP
Warren DeMontague Feb 2012 #1
The Doctor. Feb 2012 #2
Bonobo Feb 2012 #3
The Doctor. Feb 2012 #4
Warren DeMontague Feb 2012 #7
Old and In the Way Feb 2012 #8
Broderick Feb 2012 #5
lumberjack_jeff Feb 2012 #6
mistertrickster Feb 2012 #9
libodem Feb 2012 #10
Warren DeMontague Feb 2012 #11
mistertrickster Feb 2012 #12
LineLineLineNew Reply Doubling the size of the workforce drove the value of labor down.
lumberjack_jeff Feb 2012 #13
Warren DeMontague Feb 2012 #14
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