That’s not all there is to it, it depends on labor supply as well. When there’s a labor shortage, capitalists need to compete for labor, so labor standards rise, because laborers can be picky about who they work for.
Of course, with globalization, automation, and AI, the value of labor is ever decreasing. Add to that, people need to work to cover their basic needs, so if there’s a labor surplus, they will take literally the most abusive underpaid work just so they won’t starve to death.
That’s not all there is to it, it depends on labor supply as well. When there’s a labor shortage, capitalists need to compete for labor, so labor standards rise, because laborers can be picky about who they work for.
Of course, with globalization, automation, and AI, the value of labor is ever decreasing. Add to that, people need to work to cover their basic needs, so if there’s a labor surplus, they will take literally the most abusive underpaid work just so they won’t starve to death.