an abundance of labor devalues labor much as currencies may become devalued via inflation, we already see this. a lack of enforced international labor and wage standards means capital can frequently choose from the lowest bidders to do its labor, rather than a laborer choosing the most generous capital holder to serve. attempting to force more labor into an already saturated market is likely to only have further adverse effects. but at least you are thinking!
@truemisto That's a good point, especially now that we have machines that are able to do so much labor these days. This forced labor would probably not serve too many needs. It would take care of the easier non-essential stuff, like making brushes, making paints, and then painting neighborhood fences. I think it's a better option than paying people to do nothing.
@truemisto Plus I'm not sure the labor market is truly saturated. I think businesses could use a lot more staffing. The problem is there is a lot of taxation and regulation out there that makes hiring more people out of their financial reach.
an abundance of labor devalues labor much as currencies may become devalued via inflation, we already see this. a lack of enforced international labor and wage standards means capital can frequently choose from the lowest bidders to do its labor, rather than a laborer choosing the most generous capital holder to serve. attempting to force more labor into an already saturated market is likely to only have further adverse effects. but at least you are thinking!
truemisto 2 months ago
@truemisto That's a good point, especially now that we have machines that are able to do so much labor these days. This forced labor would probably not serve too many needs. It would take care of the easier non-essential stuff, like making brushes, making paints, and then painting neighborhood fences. I think it's a better option than paying people to do nothing.
theboombody 2 months ago
@truemisto Plus I'm not sure the labor market is truly saturated. I think businesses could use a lot more staffing. The problem is there is a lot of taxation and regulation out there that makes hiring more people out of their financial reach.
theboombody 2 months ago