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"lower wages are good actually"
(thelemmy.club)
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this post was submitted on 17 Jul 2026
169 points (100.0% liked)
Slop.
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For posting all the anonymous reactionary bullshit that you can't post anywhere else.
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You hit the nail in the head multiple times, wonderful comment. Paul Cockshott explains this really well, how Marx correctly explained the lower boundary of salaries based on the reserve army of labour (that consisting of the unemployed, and additionally the agricultural sector in non-industrialized societies), and gives empirical evidence for this, to the point of the great plague rising salaries in Europe for centuries.
Intuitively, it makes sense: consume more stuff = less stuff to consume. But its kinda like comparing the credit and finances of a single household to the credit and finances of an entire nation. Its an insidious little slight of hand, that tricks people up because its legit just really hard to conceive of national industry.
That's why I like the groceries example, because it's just as obvious. Connecting wages to unemployment is kinda tricky still, but like we just went through covid-inflation so maybe that helps connect the dots