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Joined 1 year ago
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Cake day: March 2nd, 2025

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  • Jobs can always be created by lowering interest rates. It’s just not in the hand of the workers to change, neither is minimum wage.

    You don’t have to trust anything I said. I am telling you about market mechanisms that you can verify on your own.

    You are right that I want to abandon minimum wage, or rather the need for minimum wage. I want the demand for work to rise to the point that workers earn livable wages that are secured by the demand for their work.

    You can try to rise minimum wages however much you want. My point is that your time is better spent on rising demand for workers. Marx is telling you how that works. You definitely don’t have to trust me on that.




  • I don’t have that disregard. My point is that the supply of jobs has to be increased instead of setting a lower bound on wages.

    Taking them as a whole, the general movements of wages are exclusively regulated by the expansion and contraction of the industrial reserve army

    Focussing on minimum wages makes workers ignore how they are controlled and how they can increase their wages without having to rely on benevolence. To me, that’s disregardful.