PoliTalker
Diversity Makes Greatness
Capitalism is wonderful engine of productivity.
The profit motive causes people to form businesses and create jobs.
Most people, however, do not work hard because of the profit motive. Most workers work for somebody else. Their wage is usually fixed. They work hard because if they don't, they lose their job.
Capitalists control wages. They try to pay as little as possible as long as they can get the job done. Capitalists are in it for the money, not to provide jobs. Capitalists only provide jobs because they have to, in order to generate profits. It is the profits they are after. Profits are KING! Profits are why capitalists are forced to create jobs.
Capitalists always try to eliminate jobs. If a capitalist can find a way to eliminate jobs he will do it. That decreases his expense for labor, and maximizes his profit.
Capitalists also try to downsize jobs. Any function of a job which can be performed by a lower-paid worker is targeted for being shifted to lower-paid workers. Nurses no longer hand the instruments to a surgeon. That is below the nurse's pay grade. That is now a 2-year degree called a 'Surgical Technologist.' That kind of transformation of job duties is going on in virtually every field. The capitalist strategy is to redefine all job descriptions so that higher-paid workers are not wasting their time doing something that a lower-paid worker could be doing. This has the effect of saving money for capitalists and once again, reducing the cost of labor.
As capitalism eliminates and downsizes jobs, that means workers are earning comparatively less, in direct proportion to the increase of the capitalist's profits.
This process increases wealth inequality. Over time, it produces extreme wealth inequality.
And it is not stopping there!
PoliTalker anti-troll thread thief disclaimer: If this thread is stolen, plagiarized, will the thief have the nerve to use the entire OP, word for word? Including this disclaimer? If you want my take on it, you'll have to post to this original PoliTalker thread. I refuse to be an enabler for online bullies, so I won't post to a stolen thread. I won't even read it. If you don't see me, PoliTalker, posting in this thread check the author. This might be a hijacked thread, not the original.
Capitalism is VERY INTERESTED in labor cost reduction. Automation is increasingly used to eliminate jobs all together. Many stores have automatic check-outs. That eliminated some jobs. And that process will continue.
Meanwhile, real estate gets more expensive. Inflation causes real estate prices to rise over time. Prime locations rise the fastest. New York City, LA, San Francisco, Washington DC, and many major metro areas are very desirable locations. Real estate has become essentially unaffordable to the poor and in many cases even the middle class in some of these regions. But still, jobs have to be done.
Where are workers supposed to live if they can't afford a home?
They are going to rent.
Who are they going to rent from?
Rich people who own the real estate. Capitalists. The ones with the money who will pay more and more for real estate as the market rises.
So we have Capitalists reducing wages, and raising the cost of living.
This is an unsustainable economic model.
The result will be more demand and need for government assistance programs.
What pays for that?
We are going to have to tax the rich more.
Capitalism is a wonderful engine of productivity, but like any powerful engine, it cannot be allowed to runaway at full speed, (it would blow up!) It requires regulation to control that great power.
Big government is needed to properly regulate big capitalism.
More extreme wealth inequality requires raising taxes on the rich.
Capitalism built that!
We've got to live with it.
The profit motive causes people to form businesses and create jobs.
Most people, however, do not work hard because of the profit motive. Most workers work for somebody else. Their wage is usually fixed. They work hard because if they don't, they lose their job.
Capitalists control wages. They try to pay as little as possible as long as they can get the job done. Capitalists are in it for the money, not to provide jobs. Capitalists only provide jobs because they have to, in order to generate profits. It is the profits they are after. Profits are KING! Profits are why capitalists are forced to create jobs.
Capitalists always try to eliminate jobs. If a capitalist can find a way to eliminate jobs he will do it. That decreases his expense for labor, and maximizes his profit.
Capitalists also try to downsize jobs. Any function of a job which can be performed by a lower-paid worker is targeted for being shifted to lower-paid workers. Nurses no longer hand the instruments to a surgeon. That is below the nurse's pay grade. That is now a 2-year degree called a 'Surgical Technologist.' That kind of transformation of job duties is going on in virtually every field. The capitalist strategy is to redefine all job descriptions so that higher-paid workers are not wasting their time doing something that a lower-paid worker could be doing. This has the effect of saving money for capitalists and once again, reducing the cost of labor.
As capitalism eliminates and downsizes jobs, that means workers are earning comparatively less, in direct proportion to the increase of the capitalist's profits.
This process increases wealth inequality. Over time, it produces extreme wealth inequality.
And it is not stopping there!
PoliTalker anti-troll thread thief disclaimer: If this thread is stolen, plagiarized, will the thief have the nerve to use the entire OP, word for word? Including this disclaimer? If you want my take on it, you'll have to post to this original PoliTalker thread. I refuse to be an enabler for online bullies, so I won't post to a stolen thread. I won't even read it. If you don't see me, PoliTalker, posting in this thread check the author. This might be a hijacked thread, not the original.
Capitalism is VERY INTERESTED in labor cost reduction. Automation is increasingly used to eliminate jobs all together. Many stores have automatic check-outs. That eliminated some jobs. And that process will continue.
Meanwhile, real estate gets more expensive. Inflation causes real estate prices to rise over time. Prime locations rise the fastest. New York City, LA, San Francisco, Washington DC, and many major metro areas are very desirable locations. Real estate has become essentially unaffordable to the poor and in many cases even the middle class in some of these regions. But still, jobs have to be done.
Where are workers supposed to live if they can't afford a home?
They are going to rent.
Who are they going to rent from?
Rich people who own the real estate. Capitalists. The ones with the money who will pay more and more for real estate as the market rises.
So we have Capitalists reducing wages, and raising the cost of living.
This is an unsustainable economic model.
The result will be more demand and need for government assistance programs.
What pays for that?
We are going to have to tax the rich more.
Capitalism is a wonderful engine of productivity, but like any powerful engine, it cannot be allowed to runaway at full speed, (it would blow up!) It requires regulation to control that great power.
Big government is needed to properly regulate big capitalism.
More extreme wealth inequality requires raising taxes on the rich.
Capitalism built that!
We've got to live with it.
