What the fuck? Capitalism doesn't work. Why the hell do we keep doing this shit?

This is due to a lack of regulation, not an inherent flaw in capitalism.
Also CEO pay is market rate and caps are unnecessary.

It's fallen 5.5% in real terms, i.e. taking into account inflation.
$2.65 could buy a lot more in 1978.

Which post are you quoting? i just came back from a 10 hour shift at my min wage job where i make 10k a year. 2 hour commute. all my coworkers are from central america.

The fact that capitalism needs regulation means that it has an inherent flaw.
It only works as a theory not in reality.

...
user..

>durrr what is inflation

It's your fault for being poor.

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Yeah I'm sure they kicked you out for being a white guy, dirty pigskin

Holy shit are you an actual retard?

>the fact that cars need seatbelts means that they have an inherent flaw
>the fact that pools need lifeguards means that they have an inherent flaw

Socialism needs to be regulated, too, or else it becomes an oligarchic kleptocracy.

Looks like ancaps got out of their playpen again

>college tuition has increased 1,120%
You can go to college for free in my state if you got a 3.0+ average in high school.
>Minimum wage fell 5.5%
it literally went from 7.25/hr to 12 in just the past few years

...
Are y0u fucking stupid?

That's nice, you must live in a non-shithole (read: liberal) state. Federal minimum wage isn't 7.25 and there's no national free college for high-achievers.

Check out the numbers. They correspond to the post he's quoting. It isn't that mentally taxing

but not the text he's quoting. He probably clicked on the wrong post

>this system has flaws, therefore it only works in theory, let's try this other theory that has literally never been shown to work in reality instead!!

Capitalism has pulled literal billions of people out of crushing poverty. I can 100% guarantee that you don't have a degree in economics and haven't done actual research into socialist systems.

Diamonds are the hardest substance known to man

>typical workers
>minimum wage workers
This is code for unskilled labor.
>CEOs
See a pay increase because the CEO is responsible for the rise in profits with their decision making. It is literally the CEO's job to grow profits. If he doesn't do that he is fired. If can do that, and is VERY good at it, of course they are going to offer huge incentives to him to make sure he stays with the company and doesn't leave for another one, maybe a rival company, and grow their profits instead.

By contrast what does unskilled labor contribute to increased profits? Basically nothing. Unskilled laborers are not doing anything measurably different than they were in 1978, the increase in profits is entirely due to advances in technology increasing efficiency. The pay increase for them is based on shrewd labor bargaining and mandated wage increases, not because they have become more valuable. They haven't. If they were more valuable their wages would've skyrocketed just like college tuition has.

How come those central americans aren't bitching and even manage to raise kids with $10k/ year but not you?

Ah, I see.
That's why you reacted like a fucking retard.
It was a kneejerk reaction to MASSA MARKET being insulted.
I never once even mentioned socialism. It's flawed as fuck as well.
But both of them together are how america and most western countries function though.

Being able to see the flaw in capitalism is not an attack. It's FUCKING COMMON SENSE.

Nobody cares about poorfags

Pointing out flaws in capitalism doesn't make you insightful or original. You're basically a hackneyed cliche of a dullard college student. Since you apparently don't like socialism either is there even a point to your posts or are you just competing for the title of least interesting human being on earth?

Hardest metal known to man, you illiterate sack of human feces.

Due to extensive research done by the University of Pittsburgh, diamond has been confirmed as the hardest metal known to man. The research is as follows:

Pocket-protected scientists built a wall made of iron and crashed a diamond car into it at 400 miles per hour, and the car was unharmed. They then built a wall out of diamond and crashed a car made of iron moving at 400 miles an hour into the wall, and the wall came out fine. They then crashed a diamond car made of 400 miles per hour into a wall, and there were no survivors. They crashed 400 miles per hour into a diamond travelling at iron car. Western New York was powerless for hours. They rammed a wall made of metal into 400 miles an hour made of diamond, and the resulting explosion shifted earths orbit 400 million miles away from the sun, saving the earth from a meteor the size of a small Washington suburb that was hurtling towards mid-western Prussia at 400 billion miles an hour. They shot a diamond made of iron at a car moving at 400 walls per hour, and as a result caused over 10000 wayward planes to lose track of their bearings, and make a fatal crash with over 10000 buildings in downtown New York. They spun 400 miles at diamond into iron per wall. The results were inconclusive. Finally, they placed 400 diamonds per hour in front of a car made of wall travelling at miles per iron, and the result proved with out a doubt that diamonds were the hardest metal of all time, if not just the hardest metal known to man.

>By contrast what does unskilled labor contribute to increased profits?

>the people who are literally making or selling the items are doing nothing to contribute to profits

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No one cares about neets either

the first civilizations were communist and they died man.

All I did was quite a joke line in a Frank Zappa song.Wasn't expecting to learn

Capitalism will always result in an oligarchy of massive corporation owners. Most people below the ridiculously high income marker set by them are nothing more than slaves even if they think they too are successful in the system.

What are people doing about this? mostly just holding up signs, and complaining on the internet. Despite the fact they vastly outnumber their enemy.

Collectively the work they perform is valuable to the function of the company. That doesn't make the workers themselves valuable. This is a fallacy I see Marxists and Communists fall into constantly, they for some reason conflate the worker with the work he performs as if they are inseparable, but that is especially not the case with unskilled labor. You could not pick a worse example for trying to make the case that the worker and work are the same precisely because there is nothing about the worker which makes him essential to the work he performs. He can be replaced by any of a thousand other unskilled laborers waiting in the wings, or by machines.

Because there is no scarcity in the supply of labor for his position he is not valuable to the company. The work he is doing is, but there's nothing about that work that requires that specific worker to do it.

Can you give an example of, or provide an idea for, a more ideal system capable of fixing/replacing it?
Preferably something which doesn't have a history of causing millions to starve to death.

because the ones in charge are the ones who benefit from the system while the rest of us get fucked

there's no solution other than violent uprising, this has been proven over and over again throughout history, and then we have a while under a new system before the whole thing happens again, because humans are innately rotten due to lifes injustices

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Yeah yeah you're exposed as a faggot defender of captialism and are now in full damage control.

This isn't a fucking foot race.
I'm not for either system.

I'm telling you that both have inherent flaws that make using a pure version of either an insane proposition.

You can't be so stupid that you think that those with monetary power wouldn't abuse the absolute shit out of a purely capitalistic system right?

>Capitalism will always result in an oligarchy of massive corporation owners.
No, it fucking won't, as long as you have the proper regulations including labor rights. See: Scandinavia, land of free markets.
America's fuckups are their own and not capitalism's.

Yeah I know, you think you're so above it all by pointing out flaws without offering any solutions. I went to college too, and I've met dozens of lackwits just like you.

>Labour hasn't undergone rapid changes in requirements
>My evidence: People at McDonald's don't need to do more training
Mate what the fuck are you on about?
The only reason I can guess wages being sticky are:
>Business expectations are somewhat okay, not bad enough to cut back but not good enough to increase wages
>Immigration has always been flexible. Flexible labour laws and an ample labour pool basically means workers lose bargaining power aka are scared to ask for a raise
>Time lag from CPI announcements and wage increased enforced by government
Eventually wages will have to be raised by the government since no skill labour doesn't have enough bargaining power. Low skilled or professionals don't have that issue since they have bargaining power from their skill set so they can easily jump employer if the opportunity allows it

>purely capitalistic system
Define this.
If you mean capitalism with no regulations, of fucking course everyone knows that, it's why we have the EPA, the FDA, the IRS, etc....
If you mean 100% free markets, then I'm gonna have to disagree.

Good question. Real good question. It's a mystery, isn't it?
pic related

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Those oligarchs are raping scandinavia and other free market countries even as we speak.
Countries that don't bow to the IMF are wiped out by convenient terrorists or america.

Uh, what? Scandinavia participates in the IMF. There are no terrorists wiping out countries, unless you're talking about Syria.

I have worked warehouse jobs and construction jobs and retail. These jobs have not really changed measurably since the 70s. Oh sure you use more electronics now, but so does everybody. That's not a skill, that's a baseline to function in the 21st century. And if everybody has the same skill then it's not a marketable skill, and you're back where you started with zero marketable skills (e.g. unskilled labor).

It's like you say though, unskilled labor doesn't have any bargaining power because they are replaceable and supply far outweighs demand. It's a very bad time to have no marketable skills because there's pretty much no niche for you to inhabit.

As much as I loathed working under unions they would really do a lot to help the unskilled workers, if only the corruption issues could be fixed.

CEO pay skyrocketed beginning in the 90's. Clinton was faced with an opposition congress and tried to make overtures with things like welfare reform and financial deregulation. Congressional Republicans, instead of making some compromises to meet him partway, just doubled down and pulled even harder right.

There's been a rise in the power of shareholders over the last 30 or so years, which has had a major impact in the way businesses are run and to who reaps the profits. The financial deregulation greatly accelerated this shareholder takeover. Now, corporations exist largely to deliver profit to shareholders. They don't care about long-term planning, only short-term, immediate gains for shareholders. CEOs are incentivized to deliver these profits to shareholders, even when it's at the long-term expense of the corporation. That's why CEO pay has skyrocketed over the past few decades. Shareholders don't care about anything else.

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All of this other than minimum wage (which shouldn't exist) could be solved by people starting their own businesses and others investing in those local businesses instead of shit like iPhones, foreign cars, etc.
Socialism and communism don't work but capitalism only works if the consumers aren't fucking retarded. Your dollar is essentially a vote for the future.

user. Nigga. Re think your stance and question what you just posted.

>getting a degree
Not everyone comes from an extra privileged background and can afford a degree. We don't want to go into lifelong debt. The best move is to learn a trade.

>They crashed 400 miles per hour into a diamond travelling at iron car

The United States is one big business basically and we're all employees. When Donald Trump started his campaign, his supporters always said "we need a businessman to run this country like a business!" Motherfuck, it's always been run like a business.

How do I get a job without contributing to this immoral capitalist society?

You didnt read that at all...did you?

Businesses don't steal from employees.

>this is the best time in history to be alive. tons of money to be made and tons of ways to spend it
>a couple of weeks later a bunch of people in suits showed up and kicked me out of the site because i was the only white guy in there
>let natives work those jobs
>i was the only white guy in there

then America should model itself after scandinavian countries.

Oklahoma has a similar thing shit im a fucking permanent resident not a citizen and i get free tuition cause i did well in high school

What is wage theft, Alex?
What are stolen vacation days?
What is stolen break time?
Corporate wage theft is actually greater than all larceny in the US.

paying employees a non living wage is theft.

profiting off of peoples labour while they get pennies to your dollar is theft.

If you aren't nazbol you are a classcuck and an ethnomasochist.

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Oh I forgot the year is 1850 and labor laws don't exist, my bad.

No it isn't. They're compensating you with the hard value of your labor. MR=MC, have you taken economics 101? What are they stealing?

tf is an ethnomasochist

they are compensating you less than what your time is worth if you can't live off working 8hrs a day.

They sign contracts to work for a wage. That's completely their fault.

>Businesses don't steal from employees.
holy kek

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"This report assesses the prevalence and magnitude of one form of wage theft--minimum wage violations (workers being paid at an effective hourly rate below the binding minimum wage)--in the 10 most populous U.S. states. We find that, in these states, 2.4 million workers lose $8 billion annually (an average of $3,300 per year for year-round workers) to minimum wage violations--nearly a quarter of their earned wages. This form of wage theft affects 17 percent of low-wage workers, with workers in all demographic categories being cheated out of pay."

epi.org/publication/employers-steal-billions-from-workers-paychecks-each-year-survey-data-show-millions-of-workers-are-paid-less-than-the-minimum-wage-at-significant-cost-to-taxpayers-and-state-economies/

Oh I forgot the year is 2018 and facts don't exist, my bad.

HUUR THE ONLY SOLUTION IS TO COMPLETELY CHANGE HUURRRR DURRRR COMEENISM WOULD BE BETTER DURRRR

It's more
>le capitalism doesn't werk??? XDD
versus
>communism actually does not work

spoke to someone who believed this earlier today
nearly shat masel

he also said rich people work harder and are smarter and that is why they have more money as if somebody exists who is a billion times smarter and a harder worker than the average person

>if you have a degree in something useful this is the best time in history to be alive. tons of money to be made and tons of ways to spend it.
ahh yes I am rolling in cash right now with my degree

The value of your labor != living costs.
Sad, but true.
I would recommend economics 101 if you don't understand the decision of hiring at the point where marginal revenue is equal to marginal cost (wage).

unfortunate speech impediment but you make a good point. the only solution is to completely change. communism would be better.

>if you don't like capitalism it must mean you're a commie

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You're making me a communist right now.

Milk is usually made from cows milk

I'm not saying it's fair, but it's a fact. It's why we generally need minimum wage to rise with living costs.

M...MASSAH LUBS US
MASSAH GUUD TO US

You sound like a racist slave charicature from an old civil war movie.

I just said that if minimum wage doesn't rise with living cost, corporations are stealing your labour and you disagreed with me.

This is some seriously top quality b8, nobody is calling you out on your larping

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The real trouble is the government. I don't see why businesses run the capitalist way and the communist way can't exist in the same society, what's needed to facilitate this is removal of a majority of the government's power.

Corporations aren't stealing anything. You agree to work for them and they pay you for what your labor's worth.
That being said, minimum wage is necessary because the value of an average worker's labor isn't enough to pay living costs. Some people will lose their jobs because of this, but a well-functioning state would offer them unemployment benefits.
I don't think it's that hard to understand.

Op is autist

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user...
This country is both capitalist and communist because of the government/the people threatening to go to war against the oligarchy.

This whole thread is full of welfare recipients who took an economics course and think they're hot shit

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user... you're both dumb and dumber

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Them not paying you for your work is theft.
They broke the contract
They received goods and services and refused to fairly compensate you for it.
Having a job that you are not getting paid for isn't even slavery.
That's what work is essentially and has been for thousands of years. And we can even buy our way out of this slavery just like then.

It's a type of evil we don't even have a name for.

... s-source pplease?

It is. This country is both capitalist and communist.

You mean mixed market economy?
N-n-neck yourself!!

Are you retarded or trolling? They do pay you for your work. Flipping burgers just doesn't add value to the economy that's equal to average living costs.

das kapital

>flipping burgers strawman

we got a big one here, boys!

>Capitalism is great. If you sell 1/3 of your waking time for 40 years to Raytheon or some other corporate tyranny you get to buy ikea furniture and collectible beer steins. All you have to do is get a 4 year degree in engineering and dedicate most of your life to sucking corporate cock. If you're just not interested in that you're a darwinian failure and deserve to live in poverty.

>Corporations aren't stealing anything. You agree to work for them and they pay you for what your labor's worth.
That's not entirely true, though. There's been an increasing disparity between the power of corporations and the power of workers. Productivity has continued to increase, but wages have remained flat. Corporate profits are at records highs, but wages remain flat. People are working harder but their pay doesn't reflect that. They're not getting what their labor is worth.

It is true that most states are at-will employment states, but most people aren't free to just go find a new job if the one they have isn't treating them fairly - especially not people in the middle and lower tax brackets that are highly dependent on their income.

Corporations know how much power they have over their employees, and they continue to push and push to take as much as they can for themselves. They know how hard it is for an individual to take on the company, and they continue to make it even harder as time goes on.

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