At the Conference of Industrial Unionists in Chicago on #ThisDayInHistory in 1905, a radical idea was born that would soon become the #IWW. Its aim was to unite workers of all trades, across racial lines, into #OneBigUnion, to oppose the #WageSystem & demand #WorkplaceDemocracy.

Japan’s gradual, flexible approach to raising the retirement age—offering diverse employment options and government wage support—provides key lessons for South Korea as it faces rapid population aging and considers similar reforms.
#YonhapInfomax #RetirementAge #Japan #EmploymentExtension #WageSystem #GovernmentSupport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89951

The wage system arises out of the individual ownership of the land and the instruments of labor. It was the necessary condition for the development of capitalist production, and will perish with it, despite the attempt to disguise it as “profit-sharing.” The common possession of the instruments of labor must necessarily bring with it the enjoyment in common of the fruits of common labor.

Peter Kropotkin, The Conquest of Bread
#WageSystem #Capitalism #Communism #EconomicEquality #WorkersRights

#Capitalists and #billionaires didn't get rich through #HardWork. They got rich because they had access to capital and to an economic system that forces most people to sell their time and lives for others' profit. We need to abolish the #WageSystem and find a new way forward.

Speaking of the #IWW, it was formed on #ThisDayInHistory in 1905. Dedicated to abolition of the #WageSystem and direct worker ownership of business, they were enough of a threat to inspire major state and corporate suppression. Help rebuild it by joining: iww.org