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Yes clearly as the rate of profit continues falling, workers...

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tigmeister

13,664 Posts.

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23/11/17

03:03

Post #: 29040281
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Originally posted by ididwork ↑

We can't have 'high productivity' without high rents AND high wages. That is why businesses are cost-cutting and implementing automation. The solution to the RBA's 'problem' would be a recession, i.e. paycuts and unemployment - back to square one. However, there is no way they are going to raise the interest rates to create such an environment. A bout of stagflation would probably force their hand. The market is not predicting/pricing that in, though.

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Yes clearly as the rate of profit continues falling, workers need to be screwed. The way they carry on about it you'd think that capitalism was supposed to be some kind of socialist method for the provisioning of jobs.

Last edited by tigmeister: 23/11/17
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