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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Do you think a laborer wh... » Reply #72

Response to fujiyama (Reply #64)

Mon Dec 26, 2011, 09:48 PM

72. Shh, over here... see Adam Smith, if there was ever a CAPITALIST (I mean he invented it for god's

 

sake) understood that no, you do not let the MARKET set salaries. You need GOOD PAY in order for workers to be able to afford to buy stuff.

Granted, in his era he was fighting MAXIMUM wage laws, not minimum wage laws.

This market determines things is the zero sum game of neo liberalism, and it comes from this essential conflict...

WHILE we need you little one to SPEND, SPEND, SPEND, we need to flatten wages world wide so a FEW can benefit.

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