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Reply #36: It's not really so much a question of "jobs" ... [View All]

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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-03 09:33 AM
Response to Reply #24
36. It's not really so much a question of "jobs" ...
Edited on Wed Aug-06-03 09:36 AM by TahitiNut
... as it is the profligacy of a capitalistic monetary system that wastes its most abundant resource: experienced labor.

As a nation, we are awash in people willing and able to perform work that has value ... value to you, value to me, and value to our nation. Sadly, however, monetary wealth is so disproportionately distributed that those with the greatest monetary wealth currently have the least needs for the services of others.

In a system where labor is compensated for less than 50% (about 35% in the S&P 500) of its value and accumulated wealth retains the lion's share of the value of that labor, it's not surprising that labor can ultimately find no market. A market is fundamentally based on the principle of "win-win" -- where the product or service has a value to the buyer that's greater than price paid and vice versa. We have been creating a labor 'market' with fewer and fewer buyers, with more and more sellers. Labor deflation has been accelerated for over 20 years. It's the Republican (and DLC) "way".
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