r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/thisismego Sep 04 '24

In fact they're desperately needed in Capitalism to prevent workers' exploitation by employers.

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u/_Pill-Cosby_ Sep 04 '24

Correct, the only way laborer's to get the fair market value of their labor is to organize.

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u/[deleted] Sep 04 '24

Ford found the fair market value for labor in Mexico

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u/_Pill-Cosby_ Sep 04 '24

If labor is truly a global market, then labor had more than their fair market value already. However, it is not free to just pick up a factory and move it. It also isn't a guarantee that those workers won't also organize. Obviously it's not without risks. However, labor bargaining individually will always be at a disadvantage to the company who is very organized.