this post was submitted on 14 Sep 2023
1452 points (93.6% liked)
Memes
45131 readers
1403 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Listen, I’m a worker who saved money through my labour. Why should I not get to use my saved labour by deploying it into an investment?
Where do you think the value for your return on investment comes from? It's extracted from the labor of workers.
It’s not extracted it’s combined with labour to produce higher output than labour or capital on their own.
For example a worker with a shovel could only dig a small hole a day, but with the injection of capital (ie a backhoe) they can dig many more holes. The worker can increase their pay compared to what they would’ve made with just a shovel and the person that provided the backhoe can also generate a healthy return for their capital contribution.
Again, capital is extracted from labor. Who do you think built the back hoe? It didn't fall off the back hoe tree. Workers built it, workers designed it. If some capitalist pig didn't own it, then the laborers could just use it.
Even a labourer who has saved up can buy a back-ho. The backho could have been produced by a communist country or work co-op. Who produced the back-ho is not important.
The important thing is that value is stored, invested and combined with labour to make everyone better off. This is why wages are higher in countries with more capital such as the USA.