1) What would stop the income disparity from widening? After all, corporate profits are already at an all time high and the board of a corporation has a fiduciary responsibility to maximize profit which includes minimizing labor cost as much as possible. Small business owners have the same mentality. It’s every man for himself in a republican world right? Even at this juncture, the 3 wealthiest people in this country own more wealth than the bottom 50% of workers. What’s to stop that from getting worse?
2) How would wages keep up with ever rising inflation?
3) How would average joe afford healthcare if prescription drug and medical costs only rose and Medicare/Medicaid would have to pay the bill? What if that wasn’t enough? What if one’s insurance doesn’t include life saving cancer treatment that is too expensive out of pocket? That person has a high deductible because the insurance company he is vulnerable to wants to maximize profit.
4) What’s to stop corporations to put whatever carcinogenics they want into their products? It’s not like average joe consumer would need to be aware of this. He would get cancer and no one would know why. Corporations could say whatever the fuck they want in their advertising. All that would matter is that the carcinogenic product increased profits. Think of chemicals sprayed on your produce to make them taste better and have more natural-looking color.
5) What if there was no minimum wage? You may think a corporation wouldn’t pay below that because it makes their position seem less attractive to the worker, but if every corporation individually and independently had the power to set their own wages, what’s to stop them from dropping to $5 per hour? $5 per hour could become the new standard. Why wouldn’t this happen?
6) Oh and let’s think of labor laws. Maybe the new standard would be that a full time job would never guarantee benefits? How about if corporations made it so you legally couldn’t have days off? The fat cats at the top could take whatever vacation time they wanted, but average joe working the cash register brings in more capital by working every day at a shitty wage.
7) What’s to stop automation from replacing more and more jobs thus making human required jobs extremely competitive?
2) How would wages keep up with ever rising inflation?
3) How would average joe afford healthcare if prescription drug and medical costs only rose and Medicare/Medicaid would have to pay the bill? What if that wasn’t enough? What if one’s insurance doesn’t include life saving cancer treatment that is too expensive out of pocket? That person has a high deductible because the insurance company he is vulnerable to wants to maximize profit.
4) What’s to stop corporations to put whatever carcinogenics they want into their products? It’s not like average joe consumer would need to be aware of this. He would get cancer and no one would know why. Corporations could say whatever the fuck they want in their advertising. All that would matter is that the carcinogenic product increased profits. Think of chemicals sprayed on your produce to make them taste better and have more natural-looking color.
5) What if there was no minimum wage? You may think a corporation wouldn’t pay below that because it makes their position seem less attractive to the worker, but if every corporation individually and independently had the power to set their own wages, what’s to stop them from dropping to $5 per hour? $5 per hour could become the new standard. Why wouldn’t this happen?
6) Oh and let’s think of labor laws. Maybe the new standard would be that a full time job would never guarantee benefits? How about if corporations made it so you legally couldn’t have days off? The fat cats at the top could take whatever vacation time they wanted, but average joe working the cash register brings in more capital by working every day at a shitty wage.
7) What’s to stop automation from replacing more and more jobs thus making human required jobs extremely competitive?
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