reply to post by 0zzymand0s
** APPLAUSE** for your post.
Who determines what is the wage a man should get, when the capitalist system employers use is based upon meeting needs, and one of such criteria is
supply and demand principle?
If everyone has a PHD, wouldnt the car mechanic be the top most earner in a nation, as there is a low supply of mechanics but an oversupply of PHDs in
It is such stupidities that had created the mess we are in right now, which is in NO way how capitalism at work.
Graduates thought that they would be earning fat salaries, but now, after years of hard work mugging books and flippin burgers through college, find
themselves out of work and either happy now with $3/hr flippin burgers just to survive, or just plain angry to accept any job other than what they had
mugged for - International finance in banks, something which is no longer in demand and is limited to only a few cronies even in its heyday.
Worse, society CANNOT operate upon having everyone a PHD in international finance, or forced to mug for it even if they have no interest but bullied
by their parents that IT IS the only way to riches, because then who will be the secretaries, construction workers, engineers, scientists, doctors,
and waiters, etc that makes a vibrant society sustainable???
The rich then turned to immigrants, legal and illegal to do those jobs, as a solution, paying these workers the absolute minimum slave wages, while
they take the dragon's cut, get fat and hoarded their wealth. As the top positions are limited, soon a backlog of unemployed grows annually,
resulting in the rich getting richer while the citizens 'eat cake'.
Another issue is that employers often claimed that they were the brains of the enterprise, and should rightfully get the dragon's share. Truth is,
could the employer do it alone, no matter how good and biz acumen he was, WITHOUT the help of staff and consumers and society?
He could not, and yet, the People ALLOW him to get his big mouthfull. If we are not slaves, then what are we? Village idiots, deserving to be used and
abused at will by the rich?