Not My Meme! #1371
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In a free market economy, capitalists are forced to compete for labor. It is up to the workingman to obtain training in higher demand skills in order to obtain higher compensation for his labor. While it is easy to blame the capitalists for exploitation given their often obscenely high compensation, the fact of the matter is that, even if underserved, it has little impact on the overall finances of a company in most cases. Even if you were to take the salary of all highly paid executives and distribute it equally among the workers, it would make very little difference to their salary. While there may be exceptions, most large corporations operate with fairly low profit margins. Many companies do in fact offer ownership in the form of stock as part of the compensation that they offer. There are also companies that are 100% employee owned (Publix (the grocery store chain) comes to mind). In a capitalist economy, there's room for a lot of variety. In other economic systems, not so much.
The problem is structural.
The workers create the value, absent the work, there is only raw resources with no value to the owners.
At each step, in order to stay in business, a company can pay no more than half of this increased value.
Ergo, the worker gets less than half what his work is actually worth.
Read chapter 9 of this book and debunk the math, please.
IF a company pays more than half to its workers it will go out of business.
This book covers the topic in depth.
It is written by a russian noble that abdicated his royalty in favor of treating the workers right, rather than exploit them.