Stop Wage Theft, All Profit is Murder, image courtesy of Antonio Graceffo Socialists claim that wages are being stolen and that all profits constitute theft. They argue that wages themselves are a form of theft and that capitalism inherently involves exploitation. The only solution, they contend, is government intervention, including the provision of a universal basic wage and/or mandating companies to pay a high minimum wage. Additionally, they demand that the government enforce fair hiring practices, dictate scheduling according to their standards, and prevent companies from laying off employees even when business performance declines.
To their point, if companies were not allowed to earn a profit, it would be impossible to determine whether a company was performing well and thus no justification for laying off employees. However, without the ability to earn a profit, there would be no companies, and no jobs. So, our current system seems much better than […]
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