MOD: February 18, 2012 – On False Assumptions

Last night I was lectured on capitalism by someone speaking with incredibly false-authority who insisted the profit I earn was earned off the labor of my ‘exploited’ workers. But he had no idea that if I charge $25 an hour to pay my employee $15 for the same hour, that the vast majority of those ‘extra’ ten dollars go to insurance, taxes, workman’s compensation payments, travel, expenses and the like, and that maybe, if I’m lucky, I’ll earn a couple bucks in the end. “Why not give your employee the … [Read More]