I don't doubt that a ton of small businesses in the US would go under if they had to pay reasonable wages. But I think that says a lot about the underlying issues with the capitalist structure of our society more than anything. It's an entire system that needs exploitation to run. And if people can't be exploited enough, it all collapses.
This is what every single ideology knows about sweatshops abroad but is more widely accepted because it exports the suffering.
Everyone knows if we paid an actual good/fair wage (even if your definition of fair thinks profit is okay 🤮) to people making shoes and clothes and electronics that everything would be more expensive.
No ideology denies this but neoliberals claim this is good actually because it allows for a linear increase in "development" (ignoring the inherent exploitation that they say will go away as GDP go up but have to know on some level it doesn't if they cared to look at anything the IMF does)
I bet a lack of slave labor would collapse the US economy even if all the chattel slavery turned into sweatshop, pennies a day, above the arbitrary extreme poverty number.
I don't doubt that a ton of small businesses in the US would go under if they had to pay reasonable wages. But I think that says a lot about the underlying issues with the capitalist structure of our society more than anything. It's an entire system that needs exploitation to run. And if people can't be exploited enough, it all collapses.
This is what every single ideology knows about sweatshops abroad but is more widely accepted because it exports the suffering.
Everyone knows if we paid an actual good/fair wage (even if your definition of fair thinks profit is okay 🤮) to people making shoes and clothes and electronics that everything would be more expensive.
No ideology denies this but neoliberals claim this is good actually because it allows for a linear increase in "development" (ignoring the inherent exploitation that they say will go away as GDP go up but have to know on some level it doesn't if they cared to look at anything the IMF does)
I bet a lack of slave labor would collapse the US economy even if all the chattel slavery turned into sweatshop, pennies a day, above the arbitrary extreme poverty number.
Rate of profit falling like a rock huh