614
you are viewing a single comment's thread
view the rest of the comments
[-] Arekdirithe@lemmy.world 117 points 1 year ago

I remember when I was younger, having low unemployment was considered a good thing, universally desired it seemed. Only in late stage capitalism is it a requirement that we have people who can’t find a job so the working class doesn’t get too uppity.

[-] NateNate60@lemmy.ml 38 points 1 year ago* (last edited 1 year ago)

Reactionary take in response to billionaires being put in their place by a working class that is gaining back the union culture of the 20th century and pro-labour fervour of the 19th, assisted by the technology of the 21st.

[-] squiblet@kbin.social 29 points 1 year ago

More people are supposed to not have jobs, but at the same time, not be collecting unemployment or public assistance. So basically… go panhandle, live in a tent city, go to prison, or I guess just die is their suggestion.

[-] MonkRome@lemmy.world 27 points 1 year ago

If they died or went to prison then unemployment would go back down. The truth is they have no intelligent solutions and their economic beliefs are all make believe.

[-] squiblet@kbin.social 7 points 1 year ago

I thought of that but considered maybe they just want people to die, anyway. Agreed, I don't get the impression this guy is super good at societal engineering or economics, other than as such might benefit people like him in the short term.

[-] stilgar@infosec.pub 17 points 1 year ago

This effect was analysed in great detail by Marx in the 19th century, so it's not a characteristic of late stage capitalism, just of capitalism.

His term "Reserve army of labour" refers to the unemployed.

Taking them as a whole, the general movements of wages are exclusively regulated by the expansion and contraction of the industrial reserve army...

From Capital by Marx

https://en.m.wikipedia.org/wiki/Reserve_army_of_labour

this post was submitted on 13 Sep 2023
614 points (100.0% liked)

Work Reform

9830 readers
694 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS