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> The guy who isn't making much to begin with isn't rewarded - it only makes his labor less valuable. What? How does that make any sense? The labor market is a
by sedachv 10y ago
> The guy who isn't making much to begin with isn't rewarded - it only makes his labor less valuable.
What? How does that make any sense? The labor market is a market because supply and demand still apply.
- nercht12 10y agoHis labor from his point of view, not from the economy's point of view. Certainly labor from him is good for the economy. But for him, he already has what he needs, so there's not as much incentive to get more. Sure, there will always be people who want more, but they may pursue alternatives to [what I'd call] standard, ethical labor in order to gain those ends.