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this post was submitted on 16 Dec 2023
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I mean not really. Certainly could be argued that it's the natural conclusion of capitalism in our society, but it's not the point. With capitalism as intended, the worker who is working longer hours in a position far more crucial to society should be earning significantly more than the fat cat who is making little positive impact on society and is working shorter hours.
So yeah, pretty much any real-world implementation of capitalism will reach this result because greed exists, but the ideals of capitalism are quite opposite.
Not really. The worker should be making however much it costs to replace them. If the worker is easily replaced, they'll make very little, but if they have niche skills, they should be well paid. The worker can always move somewhere that they'll be paid better, and the employer can always look for a replacement.