| ▲ | sangnoir 3 days ago |
| Sound like you're expecting employers to strive for fairness. Instead, they are striving for profits for the capital class. The labor class gets the minimum possible amount to reach the shareholders primary goal. |
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| ▲ | philipov 3 days ago | parent [-] |
| It sounds like you're confusing what they do currently and what the system should be set up to encourage instead. That things are broken right now is not a valid argument in favor of the status quo. The point you make only proves why it is so important that unions should have as much economic power as corporations do, so that the buy and sell sides of the labor market have negotiation parity. |
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| ▲ | sangnoir 3 days ago | parent [-] | | I'm being descriptive, bot prescriptive: I'm stating what the priorities are under a capitalist system without the rose-colored glasses offered by the Just-world fallacy. | | |
| ▲ | philipov 3 days ago | parent [-] | | In a well-functioning capitalistic system, the sell side of the labor market has equal power with the buy side. When the buy and sell sides of a market have a huge power imbalance, this leads to market failure, which is contrary to the goals of a capitalist system, as it results in inefficient allocation of capital. | | |
| ▲ | sangnoir 3 days ago | parent [-] | | Where can one find examples of such a well-functioning capitalistic system? Or is it a thought-experiment |
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