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Value of a brand is created from consumer perspective. Value of a company is created by balancing operational expenses. There is nothing explicit in either of these that is exploitive and to suggest so is a broadly uninformed claim.
If human labor is involved in a company, why are you all so stuck on the concept that people are not being paid for their work? How is it that simply by being an employer, you are exploiting staff? I mean, I admit I'm totally being exploited at my current job but I've had other jobs where I was paid extremely well and given great opportunities. Are you talking about specific industries? Specific corporations? Is the guy selling kabobs down the street from me exploiting his staff?
You guys are either being dishonest with me or dishonest with yourselves. Or you really have no idea what you're talking about and just regurgitating what you've heard other people say.
Again, it seems like you have a really vague notion of what value actually is which is what makes you incapable of understanding the concept of labor exploitation. You need to understand the difference between marginal theories of value, which is defined by a circular logic where price determines value and value determines price, and labor theories of value, where people interact with the material world to modify it in some way that gives it added utility.
It’s not that simple. You can be an employer and not exploit the people that work for you. However, doing that means you will not have a profitable business. Profits come from exploitation. Please understand that when I use the word exploitation I’m not making an inherently moral argument about whether exploitation is good or bad. Exploitation is simply a material phenomena. I believe it only becomes a moral issue when undue suffering occurs as a result of said exploitation.
He might be. Small business are often some of the most exploitive workplaces because of how unprofitable they can be. It’s not uncommon for a small business to be forced into situations where they really have no choice but to exploit their staff if they want to continue operating. This is why so many restaurants in the US rely on undocumented immigrants who they can pay less than the minimum wage. It’s a flaw in the way our economy works.
This happens to a lot of people in industries where profitability declines. When profits are high, workers in those industries often get paid that they can afford their basic needs. However, as profits wane investors look to bolster them by taking more from their employees. What’s happening in the tech sector is a prime example of such a phenomenon. Unfortunately, this is a tendency that’s baked into the our economy. It prevents long term sustainable from being achieved in industries that are key to our economy but where the opportunities for new markets or innovations are lacking.
Have you thought that maybe you’re the one who’s more confident that you really should be? I get that a lot of what I’ve said may contradict vague notions about how the economy works that you may have absorbed simply because you exist within a world steeped in corporate propaganda. However, your beliefs are not ones that any worthwhile economist would take seriously.