May 27, 2021
That's because the system is corrupted and rigged. It's a perversion of the way Adam Smith saw capitalism working. https://medium.com/everything-shortform/the-1-s-have-perverted-capitalism-and-worse-they-quote-adam-smith-out-of-context-5738b02bf09 And its exacerbated by globalization. Smith's version of capitalism foresaw wages increasing, not profits. That cannot happen when companies believe that cheap labor = comparative advantage