this post was submitted on 27 May 2024
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One of the weird quirks of capitalism: doing good things that help people generally attracts more workers (since most people are empathetic and want to do good things), and the labor market then places downward pressure on wages and other benefits. Of course, this does have benefits in that we can then enjoy a larger quantity of cheap coffee, music, charity, etc. but I feel there’s got to be a better way. Especially since the inverse is true. Doing wicked things the system requires but most humans hate then demands a wage premium because fewer people are willing to do them.
so the solution is not to let markets and wages alone dictate the conditions for decent life.