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In reply to the discussion: The Probelm With Capitalism [View all]Zeitghost
(4,557 posts)32. Employers do not set wages
The market for labor is set by the same supply and demand forces that control all prices. If you have a skill that others do not which is in high demand, you can demand a high price. If you have a skill many people have and that nobody wants, your options are much more limited. Most of us lie somewhere on the spectrum between those two points. I've walked away from more than one job and turned down many others for a whole variety of reasons. I've also been let go and turned away. It cuts both ways, so make sure you equip yourself with valuable skills to ensure you're on the better side of that spectrum.
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I would say that how well an owner accurately makes that sort of assessment determines whether their
Hugh_Lebowski
Jun 2021
#1
Big Corps with stocks are hogtied to making a profit for the stockholders and taking from the...
Brainfodder
Jun 2021
#3
The real problem with (under-regulated) capitalism is inevitable concentration of wealth
Mysterian
Jun 2021
#9
Capitalism can only work if it is tightly regulated to protect labor, consumers and the environment
ShazamIam
Jun 2021
#17
So exploiting others is natural. I disagree when the evidence shows that we advance when we
ShazamIam
Jun 2021
#23