Question

Imagine that people are saying a grocery store pays its workers too low of a wage. Pick one ideology and explain what their thought of the low wages would be. (2-3 sentences)

Options: Capitalism, Socialism or Communism

Answer 1

Step-by-step explanation:

Socialism: In a socialist ideology, the low wages paid by the grocery store would be viewed as a symptom of the inherent flaws in the capitalist system. Socialists argue that capitalism prioritizes profits for business owners at the expense of workers' well-being. They would argue that workers deserve higher wages to ensure a fair distribution of wealth and to address income inequality, and that collective action or government intervention may be necessary to achieve this goal and provide workers with better economic security and a higher standard of living.