The "market theory of value" is some New York econ major bullshit if I ever did saw it
The "market theory of value" is some New York econ major bullshit if I ever did saw it
19 comments
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- My skills: swindling idiots
- My job description: CEO of a huge company
- My actual job: take decisions based on "research"
- My pay: pornographically high
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- Your skills: medicine, caretaking, team management
- Your job description: nurse
- Your actual job: all the medical work that medics feel is "below" them
- Your pay: hahahahahaha
Clearly working as intended.
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Well, you have lots of nurses with lots of work to do. Paying them all pornographic sums would be very expensive. But you only have one nephew that you need to marry off to a Senator's kid.
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It's worth what anyone other than you will value it at.
This is true in any economic or political system. It's just that some preconfigure your returns on your labor ahead of time, and make it more in line with everyone else
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The only explanation that makes any kind of sense to me is "how hard is it to replace you?"
If it's "easy" that means there's an excess of labor for that position, if it's "hard" then there's a lack. It's probably the only case of supply and demand that actually follows the theory.
Unless of course it's low wage work in a HCOL area and the asshat owner refuses to raise the wage to attract workers...
It should be based on a combination of skills and cost of living, but that takes the workers needs into account and there isn't an owner alive that gives a shit about that. :(
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The value is what the rich elite is able to gain from one's skills and time. Pay is somewhere below that, artificially lowered by the rich elite increasing the desperation of all workers.
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No, not what they want. What they have to, wich mostly depends on degree of organization in the workforce and instutionalized results of past organization.
Besides that wages oscillate around the worth it takes to reproduce the capacity to work.
If they'd pay what they want (always less) market economies could not persist, since they would destroy their workforce right away
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It's just important to think systemically on both sides, labour and capital. Otherwise you end up with confusing essentialism and some kind of concept of "evil"
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Mods removed comment that says of course this is true with +20 agree.
Hey Mods, FUCK your censorship. Get an ML instance. Your little shit hole is worse for you modding it. Ban me and make a really nice echo chamber to give each other handjobs in.
19 comments