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Forum nameOkay Activist Archives
Topic subjectRE: Proposing that people are actually rewarded
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=22&topic_id=1811&mesg_id=1839
1839, RE: Proposing that people are actually rewarded
Posted by centurySamIam, Tue Apr-20-04 09:12 AM
>in america people are paid their value which is completely
>fair since no one forces people to work there. (unlike a
>socialist/communist country) if 18,000 is what walmart
>believes most of their employees are worth, and their
>employees agree to the pay then its fair and their value has
>been established.

I can appreciate how you feel but I don't believe it's true. In Japan (a capitalist country by any measure) CEOs are paid on average 11-12 times what a base-level employee makes. In the States it's over two hundred times. There isn't a free labour market in the US, corporations are subsidized by the government. Just because employees agree to work for that amount doesn't mean that they're happy about it, or that $18 000 accurately reflects what they add to the company. Only because of mass unemployment can WalMart get away with paying such a shitty wage.

>moral responsiblity? not everyone shares the same moral
>preception as you and that is allowed and that is why i love
>living here. again, no one forces people to work at walmart.
>god bless capitalism.

No one forces people to work at WalMart? What about Ford or GM, who outsource the majority of their production overseas? You don't think people are forced to work at WalMart? I don't think you have a very good idea of what it's like to be poor. Capitalism isn't an absolute, people take various measures to offset the negative effects of capitalism. Things like universal health care and education were created because people knew if the "free market" were to take over that wealth would centralize and poor people would get fucked. This is what Adam Smith wrote about in The Wealth of Nations.

>ineffeciant for whom?

Inefficient for the economy. By paying people who are lower on the income ladder more money, you are giving them more money to spend - which they have to do because they need things to survive. When you give the rich more money, a lot of it ends up in hedge funds and speculative investments which don't contribute to the growth of the economy. The money just gets kicked around the world looking for weak markets to exploit. Paying factory workers (or in this case, WalMart employees) more gives them more money to spend, which means more profits for you and a bigger production/distribution base which allows you to exploit economies of scale (and compete internationally). It's called Fordism.

I think maybe you should read up on economics a bit before you begin talking about what's good/bad for the American economy. A lot of the right-wing cats gloss over the broad implications of what they're saying.

PS what is it you like so much about capitalism?