No. Under capitalism, one’s wages depend on how much one can produce. That is why Michael Jordan — or a doctor — gets paid millions of dollars more than the minimum wage. It depends on how well and how much they produce. The reason why factory laborers receive more wages in America is that they are rendered more productive by productive use of capital.
- Is capitalism for or against unions?
- What sets the price of labor under capitalism?
- Doesn’t capitalism lead to the lower labor wages?
- Don’t minimum wage laws improve the condition of labor?
- What is marriage?
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