/biz/ - Business & Finance

>>14069239
>Thus a greater part of profit is taken by the capitalist now than 150 years ago.
Then why have real wages significantly increased since 150 years ago?

Hmmm......

Why have working hours significantly dropped since then(all before the government put in it's useless workweek laws)

>>9540781
>>9540741
>>9540713
>>9540794
People used to work 16 hours days 7 days a week before economic freedom and the industrial revolution.

Working hours went down because REAL WAGES increased thanks to deflationary currencies. People had more money so they didn't need to work as hard, they found jobs that offered lower working hours.

This trend of increasing real wages and lowering working hours would have continued if we didn't get central banks which destroy ALL of the benefits of automation.

If capital goods and consumer goods get mass produced, the cost of production is super cheap and 1 day of work would get you what a week used to get you.

We need free markets and free banking.

>>7551510
>yeah the industrial revolution where everyone was literally working 100 hour workweeks
I'm so fucking sick of refuting this dumb fucking argument.
Think about what you are saying.
Why do you literal brainlets even exist?

For almost all of human history people have lived in abject poverty with long as fuck working hours. It was capitalism and industrialization that lifted them out of poverty.

Workers in the USA during this era had the highest wages on EARTH and the highest wages in all of history and living standards increased every year.
People came from all over Europe to work in american factories where wages were higher.

Industrialization takes time nigger. You are acting like the government could have passed a law and living standards would have magically rose to what we have today.

D E L U S I O N A L

>until MUH REGULATION stopped it
child labour laws and muh lower working hours laws came much later after the market had already ended child labour and massively reduced working hours
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