VaughanJB
Scrappy VIP
We have a thread ongoing about flight travel and how much it has degraded. My brain wakes up to such discussions with the simple conclusion that it's decline in terms of comfort were inevitable given the driver of endless growth in financial terms. Leaders of a business have a legal responsibility to have the best interests of a business at heart, and "best interests" are usually interpreted in terms of growth.
The balance is generally considered to be the point where people would stop flying because the level of service is too low. However, that doesn't really work and drives us to the bottom, rather than the top.
Same with wage growth. It is always in the interest of a business to keep wages low. There's no incentive to make growth high.
So how can we ensure that society as a whole benefits from its labor, and that wealth is fairly distributed, in terms of purely capitalist ideals? And given capitalism appears to be the best system man has yet come up with, just how much regulation is needed to ensure we all benefit from such a system?
The balance is generally considered to be the point where people would stop flying because the level of service is too low. However, that doesn't really work and drives us to the bottom, rather than the top.
Same with wage growth. It is always in the interest of a business to keep wages low. There's no incentive to make growth high.
So how can we ensure that society as a whole benefits from its labor, and that wealth is fairly distributed, in terms of purely capitalist ideals? And given capitalism appears to be the best system man has yet come up with, just how much regulation is needed to ensure we all benefit from such a system?