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Pay and Production are no longer related for most workers - So Production can be cut, without lowering pay for most workers.
(assets.chaos.social)
Image found here: https://chaos.social/@mathowie@xoxo.zone/113244489942388584
So, generated value vs what is compensated. It looks like to me like the difference is the basis for the absurd wealth inequality. So, if we increased wages, let's say roughly 2x for the mean, 5x for the bottom 10p, and 1.5x for 90p, and 0.5x up to 95p. Has anyone done a calculation similar to this, to determine just how few people, that is, how high the percentile, and how low that factor, for that to actually add up? Maybe it even allows for everyone to live decent lives, just mildly inconveniencing a few thousand?
One can start wondering if a few hundred heads rolling isn't a valid moral least-evil proposition. Life considered equal. More people die every single day due to arguably greed. In most of the 99.9p+ cases, I assume is due to inherited wealth, and existing market capture. So it's not like some exceptional value is lost to humanity either.