> Given the choice between less hours and more toys and pleasures, we’ve collectively chosen the latter.
Those toys just create a high tech low life paradox. The problem is the iron law of wages: "real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker."
This minimum is based on housing costs, health insurance, tax, and saving for pensions. The main toy, a car, fuel, and car insurance, is often a requirement for working, because of stupid zoning laws. The cost of food is nearly negligible, compared to the above costs.
If you look at places that have high wages and low tax, then you can expect high housing costs. So there will be always some days left end of the month, when a typical family runs in danger of running out of money for food and the like.
So regardless how much you work, the land lord or the bank in case of house ownership, will eat the big part, forcing the average family to work 8 at least hours.
So then if we eliminate government assistance for workers, the corporations will be forced to pay them more? That means Walmart will be forced to pay above minimal wage.
Those toys just create a high tech low life paradox. The problem is the iron law of wages: "real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker."
This minimum is based on housing costs, health insurance, tax, and saving for pensions. The main toy, a car, fuel, and car insurance, is often a requirement for working, because of stupid zoning laws. The cost of food is nearly negligible, compared to the above costs.
If you look at places that have high wages and low tax, then you can expect high housing costs. So there will be always some days left end of the month, when a typical family runs in danger of running out of money for food and the like.
So regardless how much you work, the land lord or the bank in case of house ownership, will eat the big part, forcing the average family to work 8 at least hours.