Comment on The billionaires and politicians did it

• TheDemonBuer@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Corporate profits are higher than ever largely because corporations have been able to get greater productivity out of workers without increasing pay. If wages had kept up with productivity, profits wouldn’t be nearly as high.

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  • Viking_Hippie@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    Corporate profits are higher than ever largely because corporations have been able to get greater productivity out of workers without increasing pay. If wages had kept up with productivity, profits wouldn’t be nearly as high.

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    the reason this is a mystery to so many mainstream economists is because they don’t want to reconcile with one simple fact: in order for profits to keep going up, worker wages must be suppressed while also increasing productivity.

    That, and they don’t want to admit their own complicity in the increasing oppression and exploitation of the very people without whom everything falls apart.

    Why do you think so many billions of dollars are being spent on AI development? Many see it as the key to ever increasing profits, because the worker, and their pesky demand for adequate compensation can be removed entirely.

    Spot on again.

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  • tehn00bi@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Anyone working in these environments knows the inevitable is coming.

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