Just to make sure this is totally clear, lets say a worker does 8 hours of work to produce $160 in value for the company. If everyone was paid the full value of their work this person would get paid $160. Instead, this worker is paid $8 an hour and receives $64, while the other $96 goes to the owners. When this wealth extraction occurs day after day after day, its no wonder we see the rich getting richer while the poor stays poor. The working class is getting robbed by the very nature of the wage-based employee/owner system. In a fair system, profit would no longer be the exclusive domain of a tiny ownership class. Profit would be shared among all the workers who contributed to that profit, rather than a few individuals who can potentially make one up-front investment in the beginning of a business and then never lift a finger while wealth is continually extracted from the workers every year, year after year after year...
Posted on: Wed, 12 Nov 2014 23:42:18 +0000
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