Quote:
Originally Posted by pai mei
The value of the wages in an enterprise is always just a fraction of the cost of the finished product. That is for all factories and hotels and whatever across the planet. What does that mean ? It means people will never be able to buy all that is produced. All the money go to the business owner. But how many finished products do they buy ? ....
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This statement in itself just isn't true. There have been and still are products where the wages make up a very large part of the total cost. And even for products where your statement is true, all the excess money does not go to the business owner. To create products, you also need machines, other products, power, etc. Those things are created by other companies, which also have employees and machines and other costs. If a company decides to produce X products, it expects these products to be sold, either in their own country or worldwide. Companies do not (or should not) produce more than they can sell.
Your idea that we only need X percent of the workforce to produce everything we need ignores the fact that there's a lot people working in the "services" business. Goods need to be created, but they also have to be transported from the factory to shops so people can buy them. Then there's all the people involved in the logistics of getting the goods delivered at the right place, at the right time. And the people supporting those people...
We may only 10% of the workforce to actually build stuff, but we need the other 90% to support them.
Consider this: if what you say is true, a truly capitalist society would have fired 90% of the workforce. Even if your theory was true, your alternative wouldn't work: if 90% of the population can sit on their arse all day, why would the remaining 10% choose not to?