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The Secret History of How the Super-Rich Have Kept the Working Class Out of Work (theintercept.com)

submitted 1 year ago by webdoodle@lemmy.ml to c/antiwork@lemmy.ml

15 comments fedilink hide all child comments

Tim Gurner, the viral Australian multimillionaire who wants more workers to be unemployed, was debunked by an economist in 1943.

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[+] bob_wiley@lemmy.world 45 points 1 year ago* (last edited 1 year ago)

[deleted]

[-] queermunist@lemmy.ml 46 points 1 year ago* (last edited 1 year ago)

Why do you think 5% unemployment is considered "full" employment? Why are billionaires and treasury appointees also so horny for raising unemployment?

Structural unemployment is fundamental to capitalism. He is a psychopath, because behind every great fortune is a great crime.

[-] chuckleslord@lemmy.world 7 points 1 year ago

That's the fucked up thing about the system. It builds excuses for itself so that people can shrug it off. It's the guilt avoidance, a way to keep members of a cult docile. It's only by accepting the guilt that you understand what to do with it (help the people who are harmed, and stop the harm).

[-] SoylentBlake@lemm.ee 5 points 1 year ago

If you take the time to learn about trauma response in survivors and the various ways trauma manifests then extrapolate that out to the macro level, everything becomes much clearer. And sinister.

It's all just abuse. Society doesn't want you to be self sufficient, critically thinking and debt free. Then it would have to persuade you thru rational discourse.

If your broken and in need, well, the old saying applies; the power to relieve pain is 1000x greater than the power to inflict.

It also helps when you're the one inflicting the pain, then rationing the salves.

[-] spamfajitas@lemmy.world 1 points 1 year ago

Why do you think 5% unemployment is considered "full" employment?

I've sometimes seen it written as 3%, but generally that's included to provide a more accurate estimate of overall employment. It represents the people who are currently between jobs and are actively searching for a new one. I probably would have been included in that stat when I left an abusive employer and searched until I found my current one.

It isn't some kind of capitalist conspiracy.

[-] queermunist@lemmy.ml -1 points 1 year ago

It's just market dynamics. In order for there to be a healthy capitalist economy there must be people between jobs i.e. people without jobs i.e. the reserve army of labor. Structural unemployment is built in to the system, there isn't a literal cabal of people that actually enforces it (although the Fed is trying to boost unemployment with tight fiscal policy, so its not the market is natural and exists on its own without human manipulation)

[-] SoylentBlake@lemm.ee 4 points 1 year ago

---there isn't a literal cabal of people that actually enforces it (although the Fed is trying to boost unemployment with tight fiscal policy, so its not the market is natural and exists on its own without human manipulation)

You say there isn't while describing the one that is.

Regardless, those at the top meet annually in Davos. They all know each other, they sit on various boards with each other. They don't need to even make phone calls to spread any word or idea, just spread it in a board meeting and by the end of the week it'll be global

With power in the hands of so few, there doesn't need to be a singular voice in control. all their interests already align

So "market dynamics" really just means the explicit interests of robberbarons and landleaches.

Consolidated wealth has a profound effect on the human psyche, not one bit of which offers anything beneficial.

Philanthropy isn't charity, it's PR.

[-] queermunist@lemmy.ml -4 points 1 year ago

You say there isn’t while describing the one that is.

Yes, because it's not a secret and it's not illegal. Those are actually hallmarks of conspiracies. These people openly do this stuff lol

[-] MidwestComrade@lemmygrad.ml 14 points 1 year ago

it's not stupid; having a "reserve army of labor" of desperate people in unemployment willing to work for less than employed people is intentional.

Having all these people desperate to work for less wages than already-employed people do serves to drive down wages and therefore drive up profits for the employer class

[-] TurtleJoe@lemmy.world 5 points 1 year ago

This is also the real reason why conservatives are again pushing to do away with child labor restrictions in the US. If a child is allowed to do the job for a lower wage, it lowers the wage for adults, too.

[-] AfricanExpansionist@lemmy.ml 3 points 1 year ago

Are you familiar with the concept of "the army of the unemployed"?

[-] Emperor@feddit.uk 2 points 1 year ago

With high unemployment there is greater competition for jobs so employers can offer worse terms and conditions, therefore maximising profit.

[-] uriel238@lemmy.blahaj.zone 18 points 1 year ago

[-] iHUNTcriminals@lemm.ee 10 points 1 year ago

It's not a secret people are just daf.

[-] Pantoffel@feddit.de 8 points 1 year ago* (last edited 1 year ago)

Great article, thanks for posting. I also left a donation.

[-] syzizeky@lemmy.ml 3 points 1 year ago

thanks for posting this, great read

this post was submitted on 24 Sep 2023

289 points (97.7% liked)

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