Archived Molymeme (again) On Women's Voting Rights (files.catbox.moe)
submitted ago by ARsandOutdoors
Posted by: ARsandOutdoors
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Archived on: 11/20/2019 10:00:00 AM
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Archived Molymeme (again) On Women's Voting Rights (files.catbox.moe)
submitted ago by ARsandOutdoors
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[–] Niggardly_Jew ago
No. Wrong. Wages go down, yes that is true, but productivity goes up at the same time.
For example, if you are building cars, you have people in the factories operating the machines that manufacture the cars. If you double the number of workers, you will be able to produce more cars (let's say 1.8x as many cars, because even though the factory is operating twice as often, the workers (women) aren't as effective and make more mistakes). The increase in car supply causes a decrease in the cost. So even though wages decrease (about .55x, the lower value labor doesn't quite decrease wages to half because they're just not as valuable), you are able to buy as much with it. Because of the power of markets (in this example, because not every family needs two cars, the price of a car will decrease to .50x) it actually will decrease the cost more than the wages are decreased: purchasing power increases, because with a days wages you can afford more cars than you could before, even though the actual dollar amount you're being paid is lower.
Low wages are only bad if the price of goods does not decrease to match. The reason that is occurring is not due to labor, its due to inflation (money itself decreases value), which is driven by the federal reserve, and a bloated regulatory governing body which stops competition from being able to challenge the existing car manufacturers. Thus, because you are paid in money and not cars, your wages decrease relative to the price of goods, decreasing your purchasing power.
[–] AnotherRedditRefugee 0 points 1 point 1 point (+1|-0) ago
Ok, yes, I admit the fractional reserve banking system / fed are responsible for most inflation and therefore wage drops. But I'm still not sold on the extra women in the workplace not negatively impacting male wages part.
[–] Niggardly_Jew ago
It does negatively impact male wages. But because of the extra cars that are made the price of cars go down, and so a man can afford as much car with one days wages as he could before. It takes as many hours laboring in the factory to buy a car as before.