The real question becomes, why has no revolution happened when we can clearly see the true price of capital (not where it trades)?
Society: "we are all going to die if grocery store workers don't risk their lives to keep the shelves stocked." The Free Market: "I'd say that wage is worth about...minimum wage, with no sick leave." Economists: "wages fairly reflect society's needs based on supply and demand."
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Because capitalism is incredibly good at co-opting revolutionary symbols and movements.
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A lot of people don't like walking down this road because it quickly reveals that they're useless (myself included). I'll tell you what, I'd rather work a few hours a week at any of these crucial jobs than full-time at a useless one.
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EXACTLY!!! Honestly, they're also likely grappling with their ableism amid the realization that if the only jobs they're capable of doing effectively are do-nothing busy-work they might actually, y'know, be disabled?
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Wages reflect the relative supply and the relative demand for a specific occupation. If suddenly demand spikes or supply is limited then wages must be increased or number of workers employed will decrease and those companies who didn’t pay go out of business
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Which companies are offering pay raises to such workers right now, then? Conversely, where are the workers who, not having been offered such raises, are quitting their jobs rather than continue to earn money when alternatives are unavailable?
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Grocery store workers, doing the jobs Americans don't want to do.
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Where are those virus-free AI food-stocking robots when we need them, eh?
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When I graduated I made $12/hr in my field, a checker at Safeway told me they made $17 to start. Because unions. When grocery stores started busting the union, dockworkers went on strike. Nothing could come into Port of LA until grocery workers got paid. This is how we do it.
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Masters in Public Affairs here: can confirm that this is still the prevailing theory and attitude among economists at schools of public policy across the US.
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