>>21304942
What the communists either don't understand, or do but want to deliberately tank the economy, is that free market wage rates, market forces that allow a reduction in wage rates, results in TOTAL wage payments going up.
>The study, meanwhile, also found that of those who remain employed, there's been less access to overtime and opportunities for extra shifts,limiting their overall take-home.
Of course, the philosophical foundation of these anti-social destructive laws is Marxist exploitation theory, a theory that flips truth upside down and claims the opposite as true, to wit, Marx falsely claimed that wages are primary income with profits as a deduction from what would be wages. The truth is the exact opposite.
In the early and rude state of society, if there ever was such a time, individual self sufficient producers when selling goods and services earned product sales revenues, NOT wages, when a person sells a bearskin to another, they are earning product sales revenues not wages.
In this state of society, because there were little to no costs of goods sold (as to do so would be purchasing for the purpose of later on selling, a phenomenon that came later on), the income earned was product sales revenues minus zero costs of good sold, which is PROFIT income, not wage income.
In other word, the original and primary form of income in human civilization, in human history, in human development, was PROFIT income.
And then, years later, after self sufficient production expanded, and those producers had enough excess income to save, it was THEN that people began to pay for labor, and to pay for capital goods, i.e. purchasing for the purpose of later selling.
When THAT happened, the income that was before all PROFIT income, was REDUCED by the costs of labor and the costs of capital.
The onset of Capitalism therefore, CONTRARY to Marx's claim, was in fact the onset of wages, and a REDUCTION of profit in (nominal terms).
Marx's entire theory is flawed at its core of who is allegedly "taking" money from who.
Prior to capitalism, all income was PROFIT income, then producers realized and had the means to pay for interim goods and for labor to help produce goods for the people paying those costs. That was when WAGE income arose, and wage income is a deduction from profit. Profit is not a deduction from wages.
The entire minimum wage law is based on a lie. And it's not a coincidence that when economic laws are violated, the result is economic devastation.
Wage earners have been brainwashed to believe that the way to prosperity is for wages to go up and profits to go down. But DIVIDENDS and INTEREST, the incomes earned by pensioners on their investments, by capitalists on their investments, is usually only around 10% of all incomes. Everything else is re-invested in growth of production and in wages.
All the bloody wars fought by communists to "equalize" society was in fact a fight over redistributing 10% of all incomes, and in the process REDUCING the real incomes of everyone most dependent on wages, who have their labor to offer.
The truth is that to increase real wages, there needs to be more and bigger capitalists who pay wages and pay for capital. Wage earners are BEST off when wages are free to rise and fall with market forces, and the best solution to widespread unemployment is for wages to be free to fall to market clearing levels.
As laborers go back to work, overall productivity goes up, and real wages go up, EVEN IF the nominal dollar wage rate is lower than before.
Marxists plague the Demokkkrat Party, they destroy everything they touch, all under a guise of justice and fairness, when in reality they destroy lives, and destroy productivity.
VOTE THE ALL OUT.