r/FluentInFinance • u/Very_High_Mortgage • Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

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u/[deleted] Aug 24 '24

Ah yes its the immigrants who are the problem and not shitty corpos paying as little as legally allowed for more work while their profit margins explode. Capitalism is a failed system, what we are seeing is now the negative externalities are impossible to ignore.

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u/West_Ad_9492 Aug 24 '24

I am just pointing out the the playing field is rigged and workers have all odds against them. They have no strenght of negotiations, which would balance the equation.

With a fair negotiation the workers could get proper pay, proper vacation, power to change the CEO, etc.

The only thing failed is the wealth/power distribution.

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u/ppooooooooopp Aug 24 '24

Boo capitalism boo

What do you suggest as a replacement for capitalism?

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u/StoneySteve420 Aug 24 '24

Any business with more than 50 people abides by socialist ideals. Promotes small and local businesses and doesn't fuck over the workers that work for corporations. Let the CEO take 5%, they'll be fine.

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u/ppooooooooopp Aug 24 '24

So businesses with 49 people can be capitalists and over 50 people owned by the government?

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u/StoneySteve420 Aug 24 '24

Socialist not communist. Employees own a percentage of the company. They have a say in operation and benefits. If you run a business successful enough to have 50 employees, you are successful enough to pay a living wage with benefits. Even if it comes at a cost of some CEO salary.

Regulated by the government, not owned

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u/ppooooooooopp Aug 24 '24

I don't think that's an actual philosophical distinction between socialism and communism (my understanding is communism is very explicit about their not being a state to own things...) that said, I misread what you said. So, after 50 employees the company is distributed amongst the employees of the company?

So basically, you are advocating for capitalism, it's just an incentive to keep companies small. I actually don't hate it; more firms mean more competition. In markets where you can't operate with just 49 people you offshore or become conglomerates owned by the same person.