What is "socialism"? - An attempt to clear up myths/misconceptions

[Leadified]

DonFerrari said:

Leadified said:

Except they don't, companies more often will pay you the minimum in order not to cut into profits. Case in point, take a look at the textile industry in countries like Bangladesh. Companies make record profits while their workers are basically slaves.

Work that can be easily substituted and that the government impose a minimum wage will move to places where they can do it, because in case you haven't forget customers also keep requesting smaller prices.

Well there you go, now you know why capitalism drives exploitation.