originally posted by: SKurtle
If money is baseless and our debt is off the charts, why not raise everyone's wage, raise unemployment pay and what not, and tell the banks to eff
off? What actually prevents this from happening?
I have a feeling it's us...
Yes, in a way, IF, you are talking about revolting against the "Owners of Capital".
Up to the 1940 a person could get just about any job with an 8th grade education, but today you need a BA or Masters for entry level.
Because the government & big business figured out a long time ago that populations would certainly increase over time, but due to technology
advancements, the availability of jobs would not expand to meet that population growth. There is a reason they don’t want people dropping out of
high school and then at the same time, encourage those same high school graduates to attend junior college, then a 4 year university and finally a
Masters degree or PhD. Government strong-arms this because it DECREASES the amount of people looking for full-time employment at the SAME TIME,
chasing after jobs in a market that CANNOT provide employment for everyone looking for, able, qualified for and willing to work.
Look at it this way, when people could get a job with an 8th grade education, they went out and did it as soon as possible (opportunity cost). Then
jobs got scarcer and the minimum requirement became a high school diploma, adding 4 more years of people NOT Looking for jobs within their cohort.
Then jobs got even scarcer and the minimum became a 2 or 4 year college degree, adding an additional 2-4 years of people NOT looking for jobs within
their cohort. Now jobs are really scarce and may require a Masters or PHD, adding an additional 2-7 years of people NOT looking for jobs within their
Basically the way the economy has been structured TODAY, we are looking at young people within their cohort whom are NOT looking for full-time, career
type, employment for 6-15 YEARS, beyond K-12, all while they finish more school!!!
This has been done ON PURPOSE, to keep the number people seeking employment lower. In 1920 after 8th grade everyone who was able, went out to look for
work and typically found it, that’s simply NOT possible today under any circumstances. Easily accessed welfare will soon add another 1-3 years of
people within a cohort, to those “not seeking employment”. Not to the specific detriment of society, but to continue to mask the illusion that
jobs and upward mobility are still available. So, if someone gets a graduate degree and collects 1-3 years of welfare on top of than, that’s ONE
less person competing for scarce jobs. The extra years of welfare are then acting in the same way to the larger economy as the increased minimum
education levels for employment, with the real goal of decreasing the number of able-bodied applicants out on the job market at the same time, but at
the same time, not decreasing the supply. This cohort of people "not pursuing full-time employment" also includes those in Prison, Government
pensioners/SSI and the disabled on government assistance. If everyone needed to go out and “get a job” or “start their own business” TODAY, as
many “capitalists” and "entrepreneurs" suggest these days, we would ALL be making 0.25 cents a day.
The “owners of capital” have already decided, FOR US REGULAR PEOPLE, that there are going to be LESS jobs available in the NEAR future, due to
increased automation and modern, corporate, labor cost-cutting measures. These measures will affect and include ALL contract work, ALL self-employment
opportunities and ALL small businesses, NOT JUST payroll laborers.
Its easier to “pay less” or “nothing at all” to contracted or indentured “labor” when there is another willing laborer/slave waiting in
the wings to do the work for less or nothing at all. In the past when there wasn’t enough money to go around to pay both wages & PROFITS, the
“owners of capital” simply brought in more indentured servant immigrants (Irish, Italians, Chinese, etc) or used flat out slave labor (Blacks,
Native Americans, domestic prisoners, POW’s, etc). The only difference between now and then is that “owners of capital” can’t LEGALLY have
slaves or indentured servants. The mechanisms today that replaces slaves and indentured servants are the following: longer than needed formal
education for basic employment, off-shoring of labor, forced retirement, prisoners and welfare.
The largest “recorded” wage increase to happen in history, for non-land owing, wage-laborers, post the introduction of fiat currency, was after
the black death pandemic, in the 14th century, especially in post-pandemic England.
How is that possible?
Because “the owners of capital”, post the black-death-pandemic, still needed wage-laborers, but there was a HUGE shortage of able bodied people.
So, in order for ANY work to get done, they had to pay the peasants and other undesirables more money, SIGNIFICANTLY MORE. This principle is still at
work today, when you take the time to recognize that sizable portions of the population are actively discouraged from participating in the full-time
labor market. This is easily done, by throwing people in prison, forcing them to attend formal school longer and allowing more people to claim
themselves as disabled or collect long/short term welfare.
Here is some more history to consider from the 14th century, the Peasants Revolt was triggered by the "Statute of Labourers 1351". By 1381, the
sustained wage growth for non-land owing, wage-laborers was rising so quickly that the English parliament, a few decades post the Black-Death, under
King Edward III, introduced the "Statute of Labourers 1351". It was used by the "Owners of Capital", as an artificial means to drive down the wages of
non-land owning peasants. Despite market conditions signalling the need for increased wages.
The Statute of Laborers; 1351 ("Statutes of the Realm," vol. i. p. 307.)
Think about that for a minute, the MARKET signaled that wages should have been higher, due to actual labor shortages caused by the Black Death, but
the “owners of capital” still didn't want to pay it, so they wrote a law saying why they didn't have to conform to demands of the market.
edit on 9-4-2015 by boohoo because: (no reason given)