When you are employed you create a certain amount of value every hour you work.
But you don’t get that value. You get a percentage of it and your employer gets the rest.
The employers are the shareholders.
Like the slave owners they do nothing and reap the profits.
Where do you think profit comes from?
It is the value the worker creates above and beyond his wage.
Now say that the product you make in an hour is sold for $20 and you get $7.50 for that hour.
That means that for 3/4s of that hour you are working for nothing.
What is slavery if it isn’t working… exerting Labour for someone else’s benefit and not your own.
I mean you can call a chicken a fish if you want but if it clucks and it’s got feathers it’s a chicken.
Now at the beginning of capitalism they tried all sorts of ways to get people to work for longer hours.
Because the more hours you work the more money you make for your employer.
So they thought if they increased the wage the employee would work longer for a greater reward.
What they found was that the employee worked less. He worked enough to maintain his level of life.
I’m getting that from Weber’s “Protestantism and the capitalist…” I forget the title lol.
Anyway they found that the only way to get the worker to work long hours was to keep him at subsistence level.
To insure he never reached financial security.
Don’t you see that the slave owners didn’t go away. They just bought the political system and put on a pretty mask.