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lumberjack_jeff

(33,224 posts)
13. Doubling the size of the workforce drove the value of labor down.
Tue Feb 28, 2012, 12:22 PM
Feb 2012

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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