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8/4/2025, 1:06:54 PM
>>512194401
If wages are continually going up companies have to innovate and increase productivity. This leads to improvements in technology and culture.
If wages are artificially going down they just buy more workers instead of finding any kind of efficiency.
It's low hanging fruit and safer. Investing in research and looking for efficiency doesn't guarantee your company continues to exist, hiring cheap labour is lower risk. Where would you put your money? As a result there has been stagnation.
The real reason Friedman promoted it was to break the power of unions, which he effectively did. Offshoring of jobs was also started for the same reason.
This faggot also supported allowing corporations growing to monopolize industries, further killing innovation. Again, a quick trick that destroys industry over a single-generation.
Cheap labour (via immigrants, offshoring, monopolization) doesn't maximize value creation, it maximizes profits by giving corporations all the advantages.
If wages are continually going up companies have to innovate and increase productivity. This leads to improvements in technology and culture.
If wages are artificially going down they just buy more workers instead of finding any kind of efficiency.
It's low hanging fruit and safer. Investing in research and looking for efficiency doesn't guarantee your company continues to exist, hiring cheap labour is lower risk. Where would you put your money? As a result there has been stagnation.
The real reason Friedman promoted it was to break the power of unions, which he effectively did. Offshoring of jobs was also started for the same reason.
This faggot also supported allowing corporations growing to monopolize industries, further killing innovation. Again, a quick trick that destroys industry over a single-generation.
Cheap labour (via immigrants, offshoring, monopolization) doesn't maximize value creation, it maximizes profits by giving corporations all the advantages.
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