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Kidicious
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Diety of Kidiverse
Mar 2003 time: 21:18
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Reviewing history does it seem to any of you that the lower wages are the more freedom we have?
Before the Black Death of the 14th century feudal lords moved to free their serfs so that they could collect high rent. After the Black Death they moved to change the laws to prevent serfs from becoming free because the rents were too low.
Then came mercantilism with the ceilings on wage, because of the labor shortages. That continued on until the 18th century when labor supply was in abundance. Then the movement was towards free markets.
Does anyone agree or disagree with me? What will happen when the labor supply starts falling again? What would happen if we had another epidemic like the Black Death?
Last edited by Kidicious on 27-11-2004 at 22:50
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VetLegion
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quote: Originally posted by Odin
I thought a labor shortage was good for people because the value of their labor went up. |
Exactly.
quote: That one of the reasons, I think, why China never industrialized until the 20th century (the other being the Chinese's contempt for the merchant class), they had enough peasants to do the dirty work and so no incentive to invent ways to help one person make more to overcome the labor shortages. |
Probably.
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Zulu Elephant
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I was under the impression that the black death actually drove the beggining of the slow march towards political freedom. Suddenly the feudal barons had to be nicer to their people because there were always other barons who could offer them slightly better conditions and therefore gain an advantage from having more labourers
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Albert Speer
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Puerile Polemic
Mar 1999 time: 00:18
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on an international level, a nation whose economy is experiencing continual and acute labour shortages would be at a stark disadvantage compared to others because it will not operate anywhere near the optimal points on a ppf curve...
there could also be the problem that is prevalent in the third world and somewhat validates Malthus... the population may be huge and growing rapidly but too many people are children and not in the labour supply so they experience labour shortages and as a consequence can not sustain the large consumer population.
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Albert Speer
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Puerile Polemic
Mar 1999 time: 00:18
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quote: When there is a shortage of labor rulers need slavery. |
there was no shortage of labor in the Roman Republic/Empire of 100 BC-200 AD yet slavery was a major part of that economy. in fact, the Republic's collapse and the formation of the Empire was a result of the abundant slave labour replacing the previously equally abundant but more expensive wage labour and the former wage labourers becoming unemployed and joining the legions en masse.
from a strictly economic standpoint, a labour force that exceeds the productive capabilities of an economy will not be in that great of a demand so labour will be worth less and wages will be lower (eventually though, a use for that labour surplus will be made availible throught investment in new industries) if there is a shortage, however, obviously, labour will be in great demand so they'll get paid more or, if the powers that be are strong enough, will chain them to their work (slavery/serfdom)
the issue with colonial slavery was that it was difficult to get people to the colonies. workers in the English colonies were paid quite well because they were in short supply. the persistant lack of workers though, due to the difficulty in getting to the colonies, caused plantation owners to seek to import workers against their will instead of paying rare white workers high wages.
Last edited by Albert Speer on 28-11-2004 at 10:54
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Berzerker
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topeka, kansas,USA
May 1999 time: 23:18
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quote: A capitalist will do anything to either enslave his worker or hire him for low wages. High wages are not in his interest, and he will take action to change the situation. As long as the capitalist/(insert other ruler name here) has power over us, whether that be the power to whip us or hire us, we are not free. |
And yet most people work for more than the minimum wage. Why is that? Because just as employers have incentives to be streamlined that include paying less if they can, employees also act out of their self-interest to get the highest wages they can. That's why people generally try to enhance their skills to find niches into which they can fit where labor supply is reduced and they can demand more pay.
Now, your definition of freedom is flawed. The reason we work is to buy the things we want, my employer is not responsible for my desires and you blame him for the constraints placed upon us by nature. Freedom is the absence of coercion or constraint on choice or action, not the coercion or constraints imposed upon us by nature, but by other people. We're only "free" from nature when we die... 
Let's say there are two people in the world living in close proximty and they meet one day, I (the capitalist) might offer them something I have of value and they may have something of value I want. Bingo, the first action of a free market - that's capitalism at it's core. But you the Communist would be angry should this other person have more things that you value than he values of yours. This envy is the basis of your ideology just as "greed" is the basis of capitalism... Both can kill, that's why we limit what we can do out of greed and envy (murder, robbery) under capitalism, but not under communism - that's institutionalised murder and robbery. Envy is worse than greed because it is greed combined with a negative outlook on life. Greed is: "I've got mine and I'm happy, get your own". Envy is: "I want what you have because I'm unhappy"...
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Kidicious
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Diety of Kidiverse
Mar 2003 time: 21:18
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quote: Originally posted by Berzerker
And yet most people work for more than the minimum wage. Why is that? Because just as employers have incentives to be streamlined that include paying less if they can, employees also act out of their self-interest to get the highest wages they can. That's why people generally try to enhance their skills to find niches into which they can fit where labor supply is reduced and they can demand more pay.
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The real median pay is about $12 an hour. So, at least half the people work for minimum wage or slightly above that. Yes, every worker trys to diferentiate himself/herself, but only some do, and a lot of those owe so much in college loans that they really make little over $12 an hour after their loan payments. And a lot of those people live in very high rent districts, another way the rulers get paid.
quote:
Now, your definition of freedom is flawed. The reason we work is to buy the things we want, my employer is not responsible for my desires and you blame him for the constraints placed upon us by nature. Freedom is the absence of coercion or constraint on choice or action, not the coercion or constraints imposed upon us by nature, but by other people. We're only "free" from nature when we die... 
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What in the world makes you think the capitalist sytem is natural? There is nothing natural about a social system, because order is imposed upon us by others.
quote:
Let's say there are two people in the world living in close proximty and they meet one day, I (the capitalist) might offer them something I have of value and they may have something of value I want. Bingo, the first action of a free market - that's capitalism at it's core. But you the Communist would be angry should this other person have more things that you value than he values of yours. |
Such is the basis of a ruler/subject relationship. Throughout history those subjected to rule have 'agreed' to be the subject because they were in need of protection or economic resources. But are the rulers who have agreed to protect them in order to exploit them any better than those who would kill them?
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