this post was submitted on 22 Jul 2023
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No, no it does not. Competition for nearly everything exists, sure there might not be enough but saying "always leads to monopolies" is a lie. Anyway communism usually has monopolies too, just monopolies operated by the government
By workers I presume you mean employees. Yes, greedy people will try to abuse their workers but as the person you're replying to said "unchecked capatilism is also bad", we have minimum wage for a reason, and then there is also competition and if you have a valuable skill they can't afford to exploit you
You can't even live on minimum wage, WTF is your point? ๐คฃ
Depends on the minimum wage
A good minimum wage
Quite vague, I know but its the only way to explain it
Slightly above a living wage
(Cost of living/month) * 1.2
For a monthly salary