Heh, after working with banks I've learned the compliance industry is about having useless security controls that are put there as it's easy to put a check on a box beside them.
Russia and the US, from a “market share” standpoint, will be massive benefactors… but the knock-on effects of having a crippled global energy economy will be significant.
As much as it may seem like a narrow political win for the US to prevent Chinese access to energy infrastructure, China will continue to electrify. At the same time, the US is still massively dependent on shipping and industrial outputs from China.
It's all entangled. As are the interests of most energy companies.
They have a heavy dependence on imported crude from the middle east, and their alternative sources like pipelines from russia do not have enough to cover them, their domestic resources are max tapped and thier strategic supply cannot last for an extended period.
I'm not blaming individual homeowners, there are very strong incentives for treating homes like retirement investments. It's an issue of policy, but we do have to address that it is also causing rent to rise and contributing to the homelessness crisis.
I know we're getting deep in the meta discussion but the free will that you're describing involves basically starving to death. Sure, you can walk away but unless you're well off, we all basically live in the same society that makes sure you are ALWAYS dependent on some kind of wage. You cannot live off the land, build housing, or eat food without some kind of income in the modern world. And thus the concept of wage slave.
But wage slavery, while bad, isn't slavery still. In slavery proper, the option of walking away straight up doesn't exist. In fact, in extreme cases, even the option of dying might not be available.
It is slavery. Chattel slavery is much more severe than what we normally consider slavery. Yet “slavery” and chattel slavery are both still slavery. The reason what you’re saying is so accepted is because we are currently living under a universal liberal world order that says wage slavery id freedom.
I hope you notice I didn't mention chattel slavery. Even prior to it, all forms of slavery were about removing the agency of person and subjugating the will of the slave to the owner. That requires an active action.
Not hiring someone is a passive action. As said by many, you are not entitled to a wage. In fact, suggesting otherwise would actually require slavery. Wage slavery, instead, is a description of a particular material condition of destitution, not necessarily connected to the ethical evaluation to proper slavery.
No one says "wage slavery is freedom". What the "universal liberal world", that is, the pro-free market side says is that people should be free to associate with each other as they see fit. Being hired to provide labor in exchange for wage, the basis for wage work, is merely an extension of this. While wage work is a requirement for wage slavery, at no point economic liberals said that everyone should live under wage slavery conditions.
The common, orthodixical, sociological/economical meaning of the word "wage slavery" is about being paid, on average, barely enough to make a living, i.e. destitution in the conventional sense.
I suppose you are referring to the Marxist meaning, technically (at least as far as I know) original, meaning. First, Marxist economics are considered heterodoxical nowadays. Second, it is still about "destitution", in the sense that the working class is formally destitute of the means of production, requiring to sell their labor to have access to it. If that's the case, I hope you notice that weakens your point of "wage slavery being a form of slavery", as you lose the analogy of proper material conditions.
Sounds like having a w2 is a pretty good deal for you then.
Slavery isn’t defined by “I don’t want to talk away because the deal is too good”, it’s more like “I’m unable to walk away because I’m threatened with force if I do so”
My dad used to refer to that as the golden handcuffs when he worked for GE. Wouldn't compare it to slavery though, he just felt trapped there because nobody else would pay him that well or give him as good of benefits
a LOT of stuff comes for free or marginal (10-100$ a month) so yes, you do pay but it's already 'baked into' the contracts people generally carry with microsoft, or something for IT to worry about when the yearly renewals show up
I'd like to see this but - not sure if it is already - adjusted by total pay. so # employed * average salary.
A -4.0% hit to cashiers may have less of an impact than -4.0% to lawyers or another category that is propping up the middle of the economy with spending.
It's the other way around. Cashier's spend their 4 percent, where's the lawyers probably save it. Though of course median salary for the two categories means 4 percent change is different in absolute dollars
Wait till you find out about most of the compliance industry.
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