521
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Jun 2024
521 points (98.2% liked)
News
21850 readers
5111 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
This is what happens when you try to extract more and more value off the top of labor, without any added value other than line must go up. When suppressing wages is the only way to improve corporate profits, profits are capped and stockholders hate this. This is in theory suppose to encourage innovation to increase efficency (without just resorting to skeleton crews or pressuring labor for more output). Monopolies stop innovating due to market control and look at other methods of increasing profits with leverage rather than market competitiveness.
It's true the biggest issue with capitalism is that it's 'not ok' for that line to go down, ever. It's ridiculous. A healthy business can ride things out up and down over time if they have good policies and smart planning. Prioritizing shareholders above all is a shell game.
Firms have leverage over non organized labor even when they're much smaller than monopolies. Especially at the lower end of the pay spectrum. Running the economy not at full employment guarantees there's a replacement waiting for a worker attempting wage negotiations. But at the whole spectrum, unless there's a significant labor shortage in some skill set, individual workers have much more limited negotiating power than firms. So firms employ labor abuse instead of innovation even when they're small. Perhaps even at the small business stage.