this post was submitted on 29 Sep 2023
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submitted 2 years ago* (last edited 2 years ago) by Tachanka@hexbear.net to c/videos@hexbear.net
 

reserve army of labor denialists on life support marx-goth

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[โ€“] Tachanka@hexbear.net 9 points 2 years ago* (last edited 2 years ago) (1 children)

i just find this clip interesting because it proves, in general, regardless of what the guy behaves like, that capitalists are not in fact "job creators" and do not in fact want 100% employment rate for all able-bodied adults. Because that would drive up the market price of labor power as a commodity that the workers sell to the capitalist. i.e. the more people are employed, the fewer potential scabs there are, the easier it is for workers to organize and demand higher wages, because the harder they are to replace if they walk out or go on strike, because there are fewer desperate unemployed in the labor market to replace them with. There needs to be a reserve army of unemployed in order to drive down the price of labor power. So the capitalist are not in fact job creators, but job gatekeepers. They need to employ people to make profit, obviously, but they are able to maximize that profit by keeping a certain portion of the population in abject misery and chronic unemployment so that, if employed workers threaten to quit, walk out, go on strike, etc, they can be replaced at a moment's notice with highly desperate unemployed people who've been seeking work for a long time. This proves that capitalist are also in favor of "planned economies." They plan for a certain percentage of unemployed to maximize their realized profit. They are not in favor of the "invisible hand" of the market, like they claim, but they are in favor of arbitrarily maintaining miserable conditions for their benefit, regardless of market factors like price, supply, and demand. They put their finger on the scale when it suits them, and they plan to increase (not just maintain) their wealth at the expense of society, whether or not they contribute anything of value.

[โ€“] culpritus@hexbear.net 3 points 2 years ago

Yes, it's very clear he's advocating specifically for the reserve army of labor as being a prerequisite for 'profitable normalcy' based on his class interests. Seems this guy has been saying the quiet part loud for years now (avocado toast etc).