>>453051>big Capital can even afford to work at a loss for a while, especially big finance, which isn't really involved in production
"A while" being the key term there, eventually there will be a crisis
>No there is no worker shortage, just because capital has not realized that the cost of labor has increased. There has been an inflation of the cost of living for a while and that obviously increases wages as well. (productive capital could attack rent-capital like black rock which is the cause for increasing housing cost in many places around the world, to lower the cost of living for workers)
Inflation is not really an "increase in the cost of labour", it is only a nominal one. There is currently though a real increase, with the wages rising ever since trump, where the us had one the lowest unemployment rates ever, and a lot business having to raise wages now.
>I don't see a problem, if they scale up production and operate at lower margins, that means stuff gets cheaper.
the problem is that production cannot be scaled up infinitely, eventually there will be overproduction, the rise in wages is not the problem, the real problem is that capital is overproduced, cannot realize its full value, which leads first to an increase in wages, and then to a crisis, after capital can no longer be employed profitably
>if people go into poverty, they loose their ability to perform work and that means the remaining labor-power increases in price.
A lot of people die, but also a lot capital devalues, which offsets the loss of life
>we should stick to an objective point of view.
If you want to explain why capitalists think something, looking at the POV of capital is useful anon