Oh so now we’re quoting bullshit Marx. We live in a mixed capitalist economy, not a communist state. Wages are not doomed to be lower.
The socalled ‘Iron Law’ isn’t even a law, nor is it iron [clad].
Not a true economic theory.
Since the time of Karl Marx, wages and standards of living have bucked his hypotheses and risen quite dramatically. where the world of the mid 19th century is unrecognisable to us.
The modern concept of trade unions was not a socialist creation. They were made in the mixed capitalist economy.
Labour is still a market just like when you buy goods and services. If what you bring to the table is not valuable enough, you’re not going to get the higher wages.
You still need to be competitive.
Unions aren’t socialist. They’re pooling resources to give greater market power.
Labour is a market. It is subject to supply and demand similarly to goods and services.
The worker is a one man corporation selling their time. We live in a culture here in Taiwan and not that far off from Canada where we value ‘high-class’ work like office work and scoff at ‘low-class’ work.
We are the supply in the labour market. We’re the product, when you work for a company, your boss is the customer. You need to satisfy the customer. Office work may take more skills, but nobody wants to be bus drivers, despite them making $80000-100000/m.
Sanchung Bus even pays people to successfully apply an extra $20000 they’re so desperate for workers.
Your replaceability is not only based off your skills, but your price. If you’re a ‘good deal’, you are irreplaceable as well.