I get that it’s a meme but 85% is delusional. If you think under socialism we could work 15% as much as we do now and maintain the same standard of living then lol, lmao, etc.
*online leftists coping and seething after food and housing don’t just magically spring forth from the earth when you abolish rent-seeking
If you have a Real Job where you interact with the material world it is impossible to believe that 85% of the things you physically make or do are consumed by capitalists.
If you have a Real Job where you interact with the material world it is impossible to believe that 85% of the things you physically make or do are consumed by capitalists.
See, once I started working a “Real Job” I saw just how much surplus value was stolen, and turned to Marxist theory to make cohesive sense of it. 85% isn’t an over-estimation, especially if we factor in imperialism. Workers in the imperial core are paid more and exploited less than workers in the periphery.
If you think under socialism we could work 15% as much as we do now and maintain the same standard of living then lol, lmao, etc.
We will probably all work 30-40 hours a week for the next great length of time even in socialism, but with far greater societal guarantees and a less predatory system of distribution.
85% is a bit of an overestimate, but not by all that much. For the United States, total wages paid by companies to employees are about 11 trillion, out of a GDP of 29 trillion (stats from a year or two ago). This doesn’t count sole proprietorships and partnerships, but the high-end estimate is 62%.
@[email protected]’s implication that wealth follows linearly from income isn’t super rigorous, but it does match up closely enough in this case.
If you have a Materially Productive Job and you have the ability + information required to calculate how much revenue a worker contributes to the company, you’ll know that this checks out. I wouldn’t expect everyone to be adequately positioned and also care enough in order to have that insight though.
Nitpicking whether the executive and shareholders appropriate 85% or 50% of value is pointless. It’s a huge amount, it’s far more than income taxes, and it is the most important dynamic of the capitalist economy. And it is further corroborated with reports (from mainstream/orthodox sources) over the past year of how the majority of consumer spending is done by the rich.
Both those possibilities (20h work week and 6h work week) sound great. The prospect is either working less, or working the same amount and keeping the monetary value of your labor, as opposed to working full-time just to pay 3/4 of your income just sustaining your existence, which goes straight to landlords or bigger companies.
And if you can arrange a living that avoids the most common money traps, you can easily get by with 20 hours of work per week or less. I’ve certainly done enough juggling of part-time jobs to know this.
Of course, 33% is not 15%, but I’d say it’s roughly in the ballpark. And in certain cases, there are definitely workers who are exploited to that level.
Wealth is not income. You can’t derive the rate of exploitation from wealth inequality.
If we assume that every worker produces roughly the same value
I mean lol again. Especially if you need to stretch as far as the top 10%. Doctors, surgeons, electricians, linemen, plumbers, veterinarians, dentists, engineers, etc are all going to be producing more than double the value of your average retail worker.
The only way to create wealth is via work, e.g., income. It’s not a perfect measure, I concede, since wealth is static and can accumulate over time. However, I think we can still use it as a rough estimation of stolen income over time.
However, this source claims there is a 70% gap between wages and produced value. That roughly matches the number I gave.
Total wages paid are a bit over half of gdp. 55% is notably quite a bit more than 15%. Think I had gdp from a different year than wages, still closer to accurate than 85%
I get that it’s a meme but 85% is delusional. If you think under socialism we could work 15% as much as we do now and maintain the same standard of living then lol, lmao, etc.
*online leftists coping and seething after food and housing don’t just magically spring forth from the earth when you abolish rent-seeking
If you have a Real Job where you interact with the material world it is impossible to believe that 85% of the things you physically make or do are consumed by capitalists.
See, once I started working a “Real Job” I saw just how much surplus value was stolen, and turned to Marxist theory to make cohesive sense of it. 85% isn’t an over-estimation, especially if we factor in imperialism. Workers in the imperial core are paid more and exploited less than workers in the periphery.
We will probably all work 30-40 hours a week for the next great length of time even in socialism, but with far greater societal guarantees and a less predatory system of distribution.
85% is a bit of an overestimate, but not by all that much. For the United States, total wages paid by companies to employees are about 11 trillion, out of a GDP of 29 trillion (stats from a year or two ago). This doesn’t count sole proprietorships and partnerships, but the high-end estimate is 62%.
@[email protected]’s implication that wealth follows linearly from income isn’t super rigorous, but it does match up closely enough in this case.
If you have a Materially Productive Job and you have the ability + information required to calculate how much revenue a worker contributes to the company, you’ll know that this checks out. I wouldn’t expect everyone to be adequately positioned and also care enough in order to have that insight though.
Nitpicking whether the executive and shareholders appropriate 85% or 50% of value is pointless. It’s a huge amount, it’s far more than income taxes, and it is the most important dynamic of the capitalist economy. And it is further corroborated with reports (from mainstream/orthodox sources) over the past year of how the majority of consumer spending is done by the rich.
85% vs 50% is a massive difference. It would be the difference between a 20 hour work week and a 6 hour work week.
Both those possibilities (20h work week and 6h work week) sound great. The prospect is either working less, or working the same amount and keeping the monetary value of your labor, as opposed to working full-time just to pay 3/4 of your income just sustaining your existence, which goes straight to landlords or bigger companies.
And if you can arrange a living that avoids the most common money traps, you can easily get by with 20 hours of work per week or less. I’ve certainly done enough juggling of part-time jobs to know this.
The top 10% of households hold 67% of all wealth. If we assume that every worker produces roughly the same value, that implies ⅔ of value produced by the average worker is being taken.
Of course, 33% is not 15%, but I’d say it’s roughly in the ballpark. And in certain cases, there are definitely workers who are exploited to that level.
Wealth is not income. You can’t derive the rate of exploitation from wealth inequality.
I mean lol again. Especially if you need to stretch as far as the top 10%. Doctors, surgeons, electricians, linemen, plumbers, veterinarians, dentists, engineers, etc are all going to be producing more than double the value of your average retail worker.
The only way to create wealth is via work, e.g., income. It’s not a perfect measure, I concede, since wealth is static and can accumulate over time. However, I think we can still use it as a rough estimation of stolen income over time.
However, this source claims there is a 70% gap between wages and produced value. That roughly matches the number I gave.
That is not what that data is or says.
158 is not 30% of 285 for starters.
Total wages paid are a bit over half of gdp. 55% is notably quite a bit more than 15%.Think I had gdp from a different year than wages, still closer to accurate than 85%