Comments by "Wandering Existence" (@WanderingExistence) on "Why You're Always Ripped Off By Employers - Economic Update with Richard Wolff" video.

  1. The employer-employee relationship is a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.
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  2. In my state, it's about $39/hr to afford the states average rent. Meaning that to be in the financially suggested bracket of 25% of your income, someone needs to make at least $39 an hour. So a living wage is a start.... But capitalists are still arguing against $15 an hour, because shareholders are more important than everyone else.
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  3. Lol, says the person who's been completely wrong on very basic concepts. I love how you religiously hate watch this channel and still manage to fumble every critique. Employment is a human rental, If you can't see how dehumanizing people into chattel property to be rented is a problem for humanity as we know it, then I really don't think you're understanding the concept of freedom and dignity. You're definitely too religiously tied to your ideology of Capital.
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