• MacroCyclo@lemmy.ca
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    14 hours ago

    Anyone have an idea on what policy changes have lead to capital becoming more productive than wages? This is a very troubling situation. Labour drives the economy, not capital.

  • squid64@lemmy.ca
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    1 day ago

    Won’t be any different than the US at some point. If this keeps going being homeless will be the norm and having an apartment or house will be a luxury for the upper class. The more we go the less food and other basic necessities I can buy.

  • UltraMagnus0001@lemmy.world
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    1 day ago

    Keep letting cooperate owners buy more houses and not let a middle class grow.

    “The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made." This quote indicates that Henry Ford saw the wage increase as a strategic business decision. It benefited the company by reducing labor turnover, improving efficiency, and potentially creating a new market of consumers for his cars. The $5-a-day wage was groundbreaking and significantly above the industry average.