@Ten move to a communist / socialist country and be happy, there is nothing stopping you.
The whole capitalist bit that makes them rich is something you choose to participate in
What do you think they are doing wrong ?
(not sarcastic, its a genuine question)
Employers can exploit a saturated market to lower cost, because labor is easy to find. The answer is to get skilled and move in to a market where your labor is valuable.
@lmnewey What do you think they're doing right? Let's say I work for a small company making 30k a year, but my boss is pocketing 120k a year BEFORE receiving a bonus, stock options, etc.
Why is that fair? Sure he manages the bureaucracy of the company, but me and the other staff members are generating the actual value of the companies.
The boss doesn't generate that value, you could argue he directs it, but that's not worth 4 times the pay of the actual labour value.
What is it you do if you dont mind me asking and what industry are you in ?
I think it will go a long way to shed light on what is going on
@RyeBread I do, and that was the point i was going to make.
You can only get paid so little if your in a saturated market. I work in a market where there is demand for people. They had to negotiate with me to get me to work for them (it should gross more than 200k this year).
The minimum they can pay you is what ever amount people will work for. To fix the problem you just leave that market. when there is demand in that market they have to pay more to get people back. its that simple