 They say it's wage-slavery because the employer is not sharing his profits with the worker. He gets rich and his workers are staying poor. Please comment. There are a certain number of things. One is workers not staying poor. His worker is rising in his wages over time as he becomes more productive. If you look at the life cycle of workers, yes, they start with very weak wages, but their wages increase as they become more productive, as they switch jobs, as they get more senior, as they develop their skills. If you're a decent worker, you don't stay poor. Part of the problem with poverty numbers is that they're weighted by the fact that when you're young, almost everybody's poor because you don't know anything and you don't have any skills. Now, the employer is not sharing his profit with the workers, but why should he? Profits are compensation for the employer. It's compensation for the capital he's put up. It's compensation for the risk he has taken. It's compensation for the time he puts in to sustain the business. It's his form of compensation. The worker's compensation is wages, and wages are received before the owner receives his profit. What about years where there's no profit? What about years where the profit is negative and there's a loss? The employer actually has to dig into savings. Sometimes workers lose their job, but sometimes they don't, and rarely do their wages get cut. Profit is the return on investment, and investment is its compensation for the investment, and that's compensation for the time value of money, the fact that the investor doesn't have the money, is giving it to you, the worker, if you will, and all the different workers from CEO on down. It's compensation for the risk he has taken, and it's compensation for his ability to choose you over somebody else. It's his opportunity. So why should the employer share the profits with the worker? Is he going to share the losses as well? Now, let me just say, yeah, I mean, startups, for example, startups don't make any money for years, sometimes decades. I know biotech companies that have taken, you know, Moderna had not made any money in like 15 years before, now, before the vaccine. Did it pay its workers? Its scientists? Its salespeople? Its researchers? Its janitors? Yeah, it paid them all. How? Because somebody was willing to put up that money. Now, when they make a profit, finally, after 15 years, would you expect those people to get that profit? Because they funded the whole thing for 15 years? And of course, profit for CEO or for the reason a CEO gets compensated for profit, the reason his salary is often linked to the company's profits, is because he, more than anybody else in the company, is responsible for those profits. He, if he makes the right calls or make, will cause the company to make money, if he makes the wrong calls, will cause the money to lose money. So it's really, really important that he make the right calls. It's his ability that will determine the fate of the company. If a worker screws up here or there, it's not going to change that much in terms of the profitability of the company. But if the CEO screws up here or there, it's going to make a huge difference. So he gets compensated for profits because of the impact he has on profits. Since any particular worker, any given worker has very little effect on profits, he gets very little compensation from profits. Now, a lot of companies today, particularly in tech, but in other industries as well, do actually pay workers from profits. They give them bonuses. They give them stocks. They used to in the past give stock options. In technology, people, you know, were very handsomely rewarded with stock options. So no, I mean, this idea that they don't get compensated with depends what you mean by worker. Yes, the barista at Starbucks, I don't think get stock options. He doesn't get a bonus at the end of the year. But the barista, any particular barista at Starbucks doesn't have a big impact on profits. So why should he make profits? Why should he get any? He has very little impact on very much. That's why he doesn't make a lot of money. Whereas the CEO, again, has a huge impact on profits. But it's even if, but it doesn't matter because slave, he's not about profits. The complaints of the slave in American South was not, ooh, the master's making a lot of money off that cotton. And he's not sharing it with me. The complaint of the slave was, I don't get to choose my life. I am not free. Workers are free. They get to make choices. They get to get to go home. They get to choose their wives. They don't get beaten up by their employers. So no, this debate about profits isn't okay, interesting debate. But it's zero excuse, and this is what should not be tolerated. It is zero excuse for the laziness, for the laziness, the more offensiveness of using the term wage slavery. What we need today, what I call the new intellectual would be any man or woman who is willing to think. Meaning any man or woman who knows that man's life must be guided by reason, by the intellect, not by feelings, wishes, women or mystic revelations. Any man or woman who values his life and who does not want to give in to today's cult of despair, cynicism and impotence, and does not intend to give up the world to the dark ages and to the role of the collectivist. All right, before we go on, a reminder, please like the show. We've got 163 live listeners right now, 30 likes. That should be at least 100. I figure at least 100 of you actually like the show. Maybe they're like 60 of the Matthews out there who hate it, but at least the people who like it, you know, I want to see a thumbs up. There you go. Start liking it. I want to see that go to 100. 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