Profits in Chevron come from losses incurred by others. In this business, at the forefront of those who lose are the customers and the employees. No matter where they go out, customers pay a surcharge for business profits, while no matter where they work, employees accept wages lower than the value they add in order for their employers to profit from employing them. It’s structural advantage-taking, and under capitalism there’s not much anyone can do about it.
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Sir, this is a Wendy’s.
Speed read until "structural" and then laughed that this poor mush-head's father probably had to pay for this kids communist education with earning derived from capitalism. Pathetic.
@OP, looks like they don’t teach economics at whatever socialist school you went to. What your assertion completely and ignores is the concept of consumer surplus, producer surplus, social surplus and dead weigh loss. Sure everyone wants to buy products/services as low as possible and everyone wants to sell these as high as possible, but there is a balance due to reserve price. In a free market let’s say the going rate for gas is $2.5 per gallon that day. If you pay $2.50 for a gallon of gasoline, but you would be willing to pay $3.00 then you have 50 cents consumer surplus. Likewise the seller that sold it for $2.50 may be willing to sell it for $2.25. In this case he has 25 cents of producer surplus. In this case the transaction happened because you valued the gallon of gas ($3) more than you valued you money ($2.50) and he sold it because he valued your money ($2.50) more than he valued your gallon of gas ($2.25). In this case society has a social surplus of 75 cents and there is no money left on the table (deadweight loss). The similar approach can be done regarding wages.
That is the beautiful part of capitalism, voluntary win-win. When someone meddles with the free market by imposing price floors (EG minimum wage), price ceilings (eg rent control), or purchase limits, and stuff like that social surplus is not maximized and there is deadweight loss (money left on the table).
https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/deadweight-loss-tutorial/a/demand-supply-and-efficiency-cnx
Nonsense fodder for a college paper. Easily knocked out of the park.
haha
So, in your opinion, corporation should pay their employees more than the value they add???
I think you should start your own business, pay the employees more than what your company generates and you cover the difference.
Dotard speaking upon that which you don’t have a clue.
Go to Oprah