this post was submitted on 03 Aug 2026
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Work Reform

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[–] givesomefucks@lemmy.world 29 points 1 day ago (2 children)

It adds up...

It adding up is the problem.

Because it means "job creators" who do nothing but posses titles to land and company stocks are syphoning off money.

If they need 3 staff for 21 kids, they're going to pay as little as they can to keep 3 staff. And charge as much as they can to keep 21 kids.

There's no correlation between what staffing costs and what prices are charged, why would there be?

Both are just line items, and the person in charge just wants the profit line to have the biggest number.

The larger the company is, the worst that becomes. Or if the company is small, but owned by someone with a dozen other companies.

Expecting salary to match what people pay is toddler logic, sure it would be great if it worked like that, but any adult thinking more than 2 seconds can see why that's not related in the modern age. Hell, its been decades since the "if we pay workers a living wage a value meal goes up $0.02!".

Americans literally all said they were fine with that, almost zero companies increased pay, and all of them.increaswd prices anyways

There's obviously no correlation

[–] kinsnik@lemmy.world 10 points 1 day ago

"In reality high profits tend much more to raise the price of work than high wages."

But that quote is from famously woke Adam Smith in his wokeism opus magnum Wealth of Nations.

[–] some_kind_of_guy@lemmy.world 5 points 1 day ago* (last edited 1 day ago)

Labor is often the biggest expense, but it's far and away not the only one. Any business might pay extractive rent, property upkeep costs, property taxes, business tax, administrative costs like bookkeeping and legal advisory, and insurance. (Any business involving the safety and well-being of more than a couple kids has to have unbelievable premiums just for liability.)

I wouldn't be so quick to point fingers at the people running a fucking daycare ffs. If they run a tight ship, the owners are making at best a very basic, decent salary. they're not fleecing parents. Even if they wanted to, they literally can't.

Look instead at all those auxiliary industries which are required for legal compliance - especially the "consultant class" - legal, tax/accounting, and insurance. They have leeches attached all the way up the chain, starting with individual workers.